Jack Dorsey, CEO and co-founder of Block, announced in a letter to shareholders that the Oakland-based financial company was ...

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

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

Jack Dorsey says his payments company, Block, will cut more than 4,000 jobs as part of an AI-driven restructuring effort, with affected employees expected to find out their fate today.

Jack Dorsey’s Block is cutting 4,000 employees, reducing its workforce by nearly half, in a move the financial technology ...

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

About 4,000 workers will lose their jobs as the payments company does more work with new artificial intelligence tools, its ...

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 (XYZ) stock jumps 23% after strong Q1 and 2026 guidance. Get key earnings highlights, gross profit beats, and what’s ...

Shares of Block trade under the ticker XYZ are up 25% aftermarket on the news.

The all-lowercase public letter to staff elaborates on why Dorsey slashed headcount at the fintech company by thousands—to ...