The fintech company behind Stripe payment processing and other financial services laid off almost half its personnel. Was it ...

"I saw my company discard half of my peers and double my pay," the former Block employee wrote. "That's not an honor. It feels shameful." ...

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

The texts poured in. “WOW.” “WILD.” “Bloodbath.” As the former head of communications, policy and people at Square, the ...

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

"This isn’t an AI story. It's organizational bloat wearing an AI costume." The post Jack Dorsey Isn’t Telling the Real Story About Block’s AI Layoffs, Insider Says appeared first on Futurism.

Block, the company behind Square, Cashapp and Afterpay, is proactively slashing 40% of its workforce because of advances in AI. Will other companies follow suit? Tech expert Lance Ulanoff tells CNN’s ...

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

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 ...

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.

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 ...