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CEO cited AI advances in cutting 4,000 workers, but a weak crypto market and declining stock price may also be at play Jack Dorsey cited AI as the driving force behind cutting 40% of his company’s ...

Shares in company increased over 20% as investors were encouraged by CEO’s assertion that cuts will drive profits Sign up for the Breaking News US email to get newsletter alerts in your inbox Fintech ...

Block, the parent company of Square and the Cash App, is conducting a major reorganization in the age of artificial intelligence, and investors are rewarding the move. The payment-technology company ...

Block said Thursday it's laying off more than 4,000 employees, or about half of its head count. Shares of the payment company skyrocketed as much as 24% in extended trading. It was last seen up nearly ...

Block, the company behind Square, Cash App and Afterpay, is cutting its staff by 40%. The reason: “intelligence tools,” according to a letter to shareholders by co-founder Jack Dorsey. Dorsey thinks ...

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, ...

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On November 19, Block Inc. held its first Investor Day in three years. Jack Dorsey, the company’s cofounder, chief executive, and “Block Head,” took to the stage and summarily posed what many ...