"Today we shared a difficult decision with our team," Jack Dorsey, Block's co-founder and CEO, wrote in a letter to ...

The data scientist says the company ‘shoved AI down everyone’s throats,’ yet she saw ‘very limited gains in productivity.’ ...

Block cut 40% of its workforce from a position of strength. Jack Dorsey says most CEOs are next. Here's the three-layer ...

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 ...

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 ...

Block Inc. gained 9% in pre-market trading following its S&P 500 inclusion announcement. While the fintech company presents a mixed investment profile with strong balance sheet metrics offset by ...

Block said it expects annual gross profit growth through 2028 to be in the mid-teens, with adjusted operating income climbing about 30% annually. The company also expanded its share repurchase program ...