Block said Thursday it's laying off more than 4,000 employees, or about half of its head count.

Block, the company behind Square, Cashapp and Afterpay, is proactively slashing 40% of its workforce because of advances in AI. Will other companies follow suit? Tech expert Lance Ulanoff tells CNN’s ...

Block cuts 40% of its workforce as Jack Dorsey cites AI-driven restructuring, saying the company remains financially strong despite eliminating over 4,000 jobs ...

Shares in the financial technology company Block have soared more than 20% in after-hours trading after its CEO announced it ...

Block’s 40% layoffs spark questions about AI’s role and overhiring. Here’s what the data shows about headcount, compliance ...

Financial tech firm Block’s stock surged as much as 20% in Friday trading after its billionaire CEO Jack Dorsey revealed plans for sweeping layoffs and a full embrace of AI tools. Dorsey, best known ...

CEO cited AI advances in cutting 4,000 workers, but a weak crypto market and declining stock price may also be at play ...

The company said the plan would cost it $450 million to $500 million in expenses and severance.

Block announced it will lay off 40% of its workforce as it shifts focus toward expanding its use of artificial intelligence.

For investors, a wave of layoffs is likely to be a good thing, and layoffs among big tech companies at the end of 2022 and ...

Jack Dorsey, CEO and co-founder of Block, announced in a letter to shareholders that the Oakland-based financial company was laying off more than 4,000 employees, or about 40% of its workforce. Block ...

Block is the latest business to announce layoffs, with the operator of payment platforms Square and Cash App opting to cut jobs in favor of using more AI tools. The financial tech company, helmed by ...