Block shares soar as much as 24% as company slashes workforce by nearly half

"Today we shared a difficult decision with our team," Jack Dorsey, Block's co-founder and CEO, wrote in a letter to ...

Block Fired 40% of its People. Wall St. Cheered. It’s Just the Start.

Block cut 40% of its workforce from a position of strength. Jack Dorsey says most CEOs are next. Here's the three-layer ...

Block Cuts 40% of Its Work Force Because of Its Embrace of A.I.

About 4,000 workers will lose their jobs as the payments company does more work with new artificial intelligence tools, its ...

Block stock explodes after Jack Dorsey makes a radical bet

Dorsey made the call. Markets answered ...

Block Stock Rallies After Analysts Praise Earnings and Layoffs

Shares of Block rallied after co-founder Jack Dorsey announced a plan to cut nearly half the payment company's workforce and ...

Block says AI will allow it to cut more than 4,000 jobs. Some argue that’s not the whole story.

Block’s “audacious” move ignites debate over whether the company is using AI as an excuse to walk back reckless hiring.