Block plans to lay off nearly half its staff in ‘deliberate and bold’ embrace of AI

Block’s stock surges 20% as Wall Street rewards massive job cuts at the parent company of Square and the Cash App.

Block Stock Pops 16% On 40% Layoffs. Where AIpocalypse May Strike Next

Block beat views on growth in its consumer lending unit as writeoffs soared. With 40% of workers out, can AI replace them? If others follow, it could be AIpocalypse now.

Block Cuts 40% of Its Work Force Because of Its Embrace of A.I.

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

Block says AI will allow it to cut more than 4,000 jobs. Some argue that’s not the whole story.

Block’s “audacious” move ignites debate over whether the company is using AI as an excuse to walk back reckless hiring.

Jack Dorsey Bets Block’s Future On AI, Cuts Nearly Half Its Workforce

The fintech company behind Square and Cash App is slashing more than 4,000 jobs as AI has made that many people redundant. Wall Street agrees.

Inside Block's AI push that ended in pink slips

Laid-off Block employees say they were embracing AI tools in what one called an almost "celebratory" way. Then it replaced them.

Block stock surges post layoffs, raising AI alarm bells

Block stock soared almost 24% in after-hours trading Thursday after the company’s CEO Jack Dorsey announced the fintech company was laying off nearly half its staff. The