Block's stock surged 19% after strong Q4 results and raised guidance, despite cutting 4,000 jobs (40% of its workforce). The company attributes these layoffs to AI tools, aiming for a leaner, ...

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 ...

It was the combination of "layoffs" and "artificial intelligence" that stoked broader concern for an AI-driven shock to the labor market, leaving many to wonder whether Jack Dorsey's payments company ...

Block, the company behind Square, Cash App and Afterpay, is cutting its staff by 40%. The reason: “intelligence tools,” according to a letter to shareholders by co-founder Jack Dorsey. Dorsey thinks ...

Mr. Zamost was the head of communications, policy and people at Square, now known as Block, from 2015 to 2020. See more of our coverage in your search results.Encuentra más de nuestra cobertura en los ...

PayPal reported fourth-quarter 2025 revenue of $8.68 billion, up 4% year over year but missing the analyst consensus estimate of $8.80 billion. The Venmo parent also posted adjusted earnings per share ...

Block, Jack Dorsey's payments company, will cut 4,000 of its 10,000 workers as it embraces AI. CNBC's Steve Sedgwick says it's "time we got better answers" to questions about what jobs the technology ...

The company's latest financial results were masked by a massive round of layoffs. CEO Jack Dorsey announced that Block would be letting go of more than 4,000 employees, going "from over 10,000 people ...