Jack Dorsey’s payments company Block Inc. has begun informing hundreds of employees that their roles could be eliminated during annual performance reviews, as the firm undertakes a wider restructuring ...

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 ...

Block operates two growing businesses with a large market opportunity. Its investments in Bitcoin have hurt its results. Block has posted variable profitability, making a cheap stock look less ...

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, ...

On paper, Block Inc.’s varied businesses all are potentially sensitive to a weakening economic environment, and revenue and earnings are supposed to decline from last year. In reality, the story could ...