O’Reilly Automotive has made a cash bid for Genuine Parts’ auto parts arm, according to people familiar with the matter. The unit could be valued at $10 billion or more and generated over $15 billion ...

Assembling two dozen worthy building blocks is a mighty tall task, especially for a team starting with just a handful. In what is shaping up to be a three-year retool (and that’s if most everything ...

Assembling two dozen worthy building blocks is a mighty tall task, especially for a team starting with just a handful. But that’s the mission for new Dolphins general manager Jon Eric Sullivan. And ...

Payments company Block announced it’s laying off 40% of its staff. According to Chairman and founder Jack Dorsey: “This decision comes from a position of strength. Intelligence tools have changed what ...

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, ...

Jack Dorsey, CEO of Block Inc, is not only laying off nearly half of the company’s workforce, but he wants investors to think he’s an AI-focused trailblazer for doing so. In a letter to shareholders ...

Twitter co-founder Jack Dorsey says his technology firm Block is laying off almost half its workforce because artificial intelligence (AI) "fundamentally changes what it means to build and run a ...

Jack Dorsey has long been an open admirer of Elon Musk. Now, it seems, he may have been taking notes. On Thursday, Dorsey announced that Block, the payments company he founded that operates Square, ...

About 4,000 workers will lose their jobs as the payments company does more work with new artificial intelligence tools, its top executive said. By Natallie Rocha Reporting from San Francisco Block, ...

Fintech company Block said Thursday that it’s cutting more than 4,000 workers or nearly half of its workforce as artificial intelligence disrupts the way people work. The Oakland parent company of ...

Block is letting go of over 4,000 employees, cutting the company nearly in half, cofounder and CEO Jack Dorsey said Thursday. "I had two options: cut gradually over months or years as this shift plays ...

Block to cut over 4,000 jobs CEO says AI has changed how a company is run Stock surges 25% after market Analysts call cuts a "seminal moment" in AI era Feb 26 (Reuters) - Block (XYZ.N), opens new tab ...