Explained: What is Block, the fin-tech company cutting 4,000 jobs in one go

Jack Dorsey’s fin-tech giant Block is laying off 4,000 workers as it leans on AI to streamline operations, but what exactly does this company do? Let’s find out here.
Opinion

I Worked for Block. Its A.I. Job Cuts Aren’t What They Seem.

The texts poured in. “WOW.” “WILD.” “Bloodbath.” As the former head of communications, policy and people at Square, the company now known as Block, I knew what those messages meant without having seen ...

Here's what smart people are saying about Jack Dorsey slashing Block's workforce

Smart people in tech and VC say Jack Dorsey's Block layoffs are "the canary in the coal mine" when it comes to AI job cuts.
Opinion

Block's Jack Dorsey tells employees why he's slashing headcount and what Block is paying

Block ( XYZ) announced on Thursday that it's slashing its headcount by more than 40% because intelligent technology means fewer people can do more. The company's stock jumped 24% with the news.
Seeking Alpha

Block: A Promising Transformation Met With A Stretched Valuation Multiple

Block is rated hold as it navigates a complex transition toward an autonomous economic platform, with execution risks tempering upside. Despite a $5B stock buyback and GAAP profitability, XYZ's ...