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 ...

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

Block, the parent company of payment apps Square, Cash App and Afterpay, is laying off more than 40 percent of its staff, pointing to recent advancements in AI that are “enabling a new way of working.

Former Block employees congregate in an unaffiliated Slack group to share support, find new jobs, and trade memes. It's grown ...

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 reports strong earnings, cuts workforce, and shifts to AI model as analysts say Square stands to benefit most.