Jack Dorsey's Block laid off over 4,000 employees. A select few have been rehired, according to LinkedIn posts.
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 ...
The innovative financial services business saw its share price pop more than 20% after it reported Q4 2025 financials last month.
Dorsey framed the move as a productivity reset fueled by AI. Critics, however, said the explanation may not tell the whole story.
By Manya Saini and Arasu Kannagi Basil Feb 26 (Reuters) - Block on Thursday said it will cut over 4,000 jobs, nearly half its workforce, as part of an overhaul to embed artificial intelligence across ...
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