Feb 27 (Reuters) - Block (XYZ.N), opens new tab shares soared more than 16% on Friday after the fintech firm announced it would nearly halve its workforce as part of an overhaul to embed artificial ...

Block Shares Soar as Dorsey Leans on AI to Trim Workforce By Utkarsh Shetti and Manya Saini Feb 27 (Reuters) - Block ⁠shares ⁠soared more than 16% on ⁠Friday after the fintech firm announced it would ...

Feb 27 (Reuters) - Block shares soared more than 16% on Friday after the fintech firm announced it would nearly halve its ‌workforce as part of an overhaul to embed artificial intelligence tools ...

Block layoffs: Jack Dorsey's Block, the company behind Square, Cash App and Afterpay, is laying off nearly half of its staff as part of an overhaul to embrace AI across its operations. As part of the ...

Researchers say they’ve discovered a supply-chain attack flooding repositories with malicious packages that contain invisible code, a technique that’s flummoxing traditional defenses designed to ...

Block said Thursday it's laying off more than 4,000 employees, or about half of its head count. Shares of the payment company skyrocketed as much as 24% in extended trading. It was last seen up nearly ...

Net profit climbed to $19.6 billion from $7.5 billion in 2024, helped as well by a 14-percent drop in operating expenses and an increase in the value of the Brazilian real, which bolsters Petrobras's ...

Petrobras, Brazil's majority state-owned oil company, said Thursday that its profits nearly tripled last year thanks to record oil and gas output. Net profit climbed to $19.6 billion from $7.5 billion ...

Shares in Block Inc. surged more than 23% in late trading today after the financial services company announced that it was laying off more than 4,000 people from its approximately 10,000-strong ...