Forbes

Block Lays Off 40% Of Staff And Blames It On AI. Don’t Buy The Excuse.

Payments company Block announced it’s laying off 40% of its staff. According to Chairman and founder Jack Dorsey: “This decision comes from a position of strength. Intelligence tools have changed what ...
CNBC

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

Block said Thursday it's laying off more than 4,000 employees, or about half of its head count. Shares of the payment company skyrocketed as much as 24% in extended trading. It was last seen up nearly ...
The Verge

Jack Dorsey’s Block cuts nearly half of its staff in AI gamble

The company will shrink by more than 4,000 jobs. The company will shrink by more than 4,000 jobs. is a senior reporter covering technology, gaming, and more. He joined The Verge in 2019 after nearly ...
The Hill

Block laying off 40 percent of staff, citing AI advancements

Block, the parent company of payment apps Square, Cash App and Afterpay, is laying off more than 40 percent of its staff, pointing to recent advancements in AI that are “enabling a new way of working.
Wall Street Journal

Jack Dorsey’s Block to Lay Off 40% of Its Workforce in AI Remake

Block XYZ1.16%increase; green up pointing triangle, the payments company founded by Jack Dorsey that includes Square and Cash App, said Thursday that it plans to lay off 40% of its workforce, or more ...
Inc

After Slashing 4,000 Jobs at Block, Jack Dorsey Blames AI. Critics Are Lighting Him Up

Block, the company behind Square, Cash App, and Afterpay, has joined the growing list of tech firms blaming artificial intelligence for sweeping job cuts. On Thursday, founder and CEO Jack Dorsey ...
The Guardian

Jack Dorsey to cut 4,000 jobs due to AI advances at Square parent Block

Shares in company increased over 20% as investors were encouraged by CEO’s assertion that cuts will drive profits Sign up for the Breaking News US email to get newsletter alerts in your inbox Fintech ...
The Australian Financial Review

Afterpay staff go from surfing retreat to dole queue in just two days

The mood was jubilant when Block chief executive Jack Dorsey summoned Afterpay Australia’s 1300 staff to California in October for a raucous retreat, but last Friday the party stopped suddenly with ...
CNBC

H&R Block online review 2026: Free federal and state filing, 1000s of in-person locations

H&R Block's DIY tax-filing platform has garnered a huge following for its straightforwardness and affordability. The easy-to-use interface prompts users with questions to determine which tier is right ...
CBC.ca

Block lays off 4,000 workers citing AI. But how much does AI actually have to do with it?

The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. Jack Dorsey, CEO of ...
Investopedia

Block Height in Cryptocurrency Explained

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...