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

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

The CEO's empathetic and transparent tone and a relatively generous layoff package, are gaining respect amid a 40% workforce ...

Shares of Block surged Friday after the fintech company announced plans to lay off nearly half of its staff. Almost 30,000 ...

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

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 ...

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.

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

Jack Dorsey's Block reports earnings and fires 40% staff.

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

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.