MarketWatch

Block says AI will allow it to cut more than 4,000 jobs. Some argue that’s not the whole story.

Block’s stock is rocketing 16% after the company said that massive advancements in artificial intelligence are allowing it to cut more than 40% of its workforce. But some argue that the real story is ...
San Francisco Examiner

California hit hard by Block’s layoffs

About one-fourth of the workers Block cut in its massive February layoff are based in California, according to a document ...
Fast Company

This Block employee survived the ‘Thanos snap’—then refused a 90% pay bump and quit immediately. Why her explanation is going viral

When fintech company Block laid off 40% off its workforce last week, CEO Jack Dorsey explained the decision in a memo to employees that he also shared on social media. He was eliminating more than ...
Bitcoin Magazine

Block (XYZ) Touts Bitcoin as ‘Everyday Money’ With 800,000 Merchants Now Accepting It

Block is accelerating its push to make bitcoin everyday money, with Miles Suter unveiling new payments, rewards, and ...
Futurism

Jack Dorsey Isn’t Telling the Real Story About Block’s AI Layoffs, Insider Says

Twitter founder and Block Inc (formerly Square) CEO Jack Dorsey announced late last month that his fintech venture was making “one of the hardest decisions in the history of our company” by “reducing ...
Forbes

Block Stock Pops 16% On 40% Layoffs. Where AIpocalypse May Strike Next

Block's stock surged 19% after strong Q4 results and raised guidance, despite cutting 4,000 jobs (40% of its workforce). The company attributes these layoffs to AI tools, aiming for a leaner, ...
VentureBeat

Jack Dorsey's Block cuts 40% of staff, 4,000+ people — and yes, it's because of AI efficiencies

Former Twitter co-founder Jack Dorsey's new company Block — the parent of merchants payment system Square, mobile peer-to-peer payments Cash App, music streamer Tidal, and open source AI agentic ...
Forbes

Block Fired 40% of its People. Wall St. Cheered. It’s Just the Start.

Forbes contributors publish independent expert analyses and insights. I write about how AI will impact people, business and society. This voice experience is generated by AI. Learn more. This voice ...
SFGate

Jack Dorsey lays off 4,000, says others will do same 'within the next year'

Oakland-based Block, the Jack Dorsey-run tech giant behind Square and Cash App, is laying off almost half its sprawling workforce — and Dorsey delivered the news with a giant warning for the rest of ...
Seeking Alpha

Block: A 40% Layoff Is Not Bullish (Even With AI) (Rating Downgrade)

Block, Inc. (XYZ) just delivered a "good" quarter, and the stock is up over 15% following news of a historic 40% headcount reduction. Yes, gross profit accelerated, and there is some encouraging news ...
CoinDesk

Analysis: Block’s retreat to 2019 scale could be a hint of deeper shifts in payments economics

Fintech company Block is shrinking back toward its pre-pandemic size, cutting staff to about 6,000 from a Covid-era peak of over 10,000, compared with just 3,800 in 2019. CEO Jack Dorsey says AI ...