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 ...

Fintech Block laid off 931 people, roughly 8% of the company’s staff, on Tuesday, according to a leaked message from the company seen by TechCrunch. The news was announced to staff in an email from ...

Block reported weaker-than-expected revenue for the first quarter and issued disappointing guidance. The stock plunged in extended trading. Block, formerly known as Square, cut its full-year gross ...

Salesforce CEO Marc Benioff has pushed back against the idea that Block's massive layoffs signal an AI-driven jobs apocalypse ...

Mr. Zamost was the head of communications, policy and people at Square, now known as Block, from 2015 to 2020. See more of our coverage in your search results.Encuentra más de nuestra cobertura en los ...

The assumption that output grows linearly with headcount no longer holds. As AI tools drive a step-change in productivity, companies are rethinking their operating models. In this episode of Bloomberg ...