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

Shares of the payment company skyrocketed as much as 24% in extended trading. It was last seen up nearly 18% in Friday's ...

Block spent 18 months 'reskilling staff' with AI. Now it is laying off 4,000 workers.

Jack Dorsey’s fintech Block developed an AI agent for its workers to help them automate parts of their jobs. Then the layoffs ...
HRD America

Inside Block's major lay-off: Staff disagree on AI's potential to replace humans

Current, former employees say AI cannot replace the thousands of workers made redundant in Block's major restructuring ...
Wall Street Journal

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

Block XYZ4.99%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 ...
The Business Journals

Jack Dorsey plans to lay off thousands of Block workers thanks to AI

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min Block currently employs around ...