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 ...

When Block Inc. laid off nearly half its staff last week, co-founder Jack Dorsey offered a seemingly simple explanation: Artificial intelligence was allowing the company to do more with fewer ...

The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. Jack Dorsey, CEO of ...

Block led by CEO Jack Dorsey has announced the most dramatic layoffs in the recent times. The company has slashed around 40% jobs which is nearly half of its workforce in a single round of layoffs.

Financial tech firm Block’s stock surged as much as 20% in Friday trading after its billionaire CEO Jack Dorsey revealed plans for sweeping layoffs and a full embrace of AI tools. Dorsey, best known ...

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'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, ...

Billionaire Jack Dorsey’s Block surged in premarket trading on Friday, after he announced the financial tech firm would cut its workforce nearly in half as he anticipates AI to increase efficiency, ...

Block, which owns payment service Cash App, went from more than 10,000 employees to just under 6,000 Thursday in what Dorsey called “one of the hardest decisions in the history of our company.” “We're ...

Jack Dorsey announced major layoffs at Block, cutting nearly half of its workforce. Dorsey said AI was behind the cuts, and the company's stock rose over 20% in after-hours trading. Tech and VC ...

Reports reveal that Jack Dorsey’s September 2025 in-person company event cost a staggering $68.1 million, roughly equivalent to the annual payroll for 200 employees, only to be followed five months ...