The payments company posted strong adjusted earnings following a dramatic downsizing, which management attributed to the influence of artificial intelligence.

Financial technology firm BlockXYZ began slashing more than 40% of its workforce on Thursday, saying in a letter to shareholders that AI tools "have changed what it means to build and run a company." ...

Block's 'audacious' move ignites debate over whether the company is using AI as an excuse to walk back reckless hiring Block is the parent company of Square and the Cash App. Block's stock is ...

You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. In the months before Block CEO Jack Dorsey laid off 40% of staff on Thursday, workers were embracing ...

Twitter founder and Block Inc (formerly Square) CEO Jack Dorsey announced late last month that his fintech venture was making “one of the hardest decisions in the history of our company” by “reducing ...

Jack Dorsey wants AI in Block's bones. In February, Block laid off over 4,000 employees, roughly 40% of its workforce. Dorsey cited AI advances as one of the reasons for the cut. On the company's ...

Block cut 4,000 of its staff in February as part of its AI-driven pivot. A new post by Block's Jack Dorsey has shed light on how the company and others might operate in the future. Block co-founder ...