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

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

Block’s stock surges 20% as Wall Street rewards massive job cuts at the parent company of Square and the Cash App.

Jack Dorsey, CEO and co-founder of Block, announced in a letter to shareholders that the Oakland-based financial company was ...

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

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 ...

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 ...

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.

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