Shares of the payment company skyrocketed as much as 24% in extended trading. It was last seen up nearly 18% in Friday's ...

Current, former employees say AI cannot replace the thousands of workers made redundant in Block's major restructuring ...

SAN FRANCISCO (KRON) — Block, the fintech company founded by former Twitter CEO, is laying off 8 percent of its staff, according to a report in TechCrunch. The layoffs will impact 931 people. About ...

Payments processing company Block is laying off 40% of its 10,000-person staff, CEO Jack Dorsey said in a memo. The tech company, which makes the Square payments product and Cash App, is downsizing ...

Block, the parent company of Square and the Cash App, is conducting a major reorganization in the age of artificial intelligence, and investors are rewarding the move. The payment-technology company ...