Shares in company increased over 20% as investors were encouraged by CEO’s assertion that cuts will drive profits Sign up for the Breaking News US email to get newsletter alerts in your inbox Fintech ...

Jack Dorsey isn’t wasting any time. The chairman and co-founder of Block XYZ-2.74%decrease; red down pointing triangle is cutting 40% of the payments company’s workforce, or more than 4,000 employees, ...

Jack Dorsey's approach to layoffs at Block struck a different tone than other tech sector cuts. Block announced it will lay off roughly 40% of its employees, citing "intelligent tools." Dorsey offered ...

Jack Dorsey has axed thousands of workers at Block, the parent company of Cash App, Square and Afterpay, in a move signaling a major shift toward artificial intelligence. In a note to staff, Dorsey ...

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 ...

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 ...

Twitter co-founder Jack Dorsey is axing more than 4,000 employees at his fintech company Block — slashing the workforce by nearly half in what he called a necessary shift toward ‘intelligence tools.’ ...

Block, the company behind Square, Cash App and Afterpay, is cutting its staff by 40%. The reason: “intelligence tools,” according to a letter to shareholders by co-founder Jack Dorsey. Dorsey thinks ...

"The authority to determine the blocking of lines known as "Kosher Lines" is vested in the Rabbinical Committee for Communications Affairs," Rami Levy Communications stated. Tens of Thousands of phone ...

Block’s XYZ merchant-facing arm, Square, announced the return of its Corner Store in San Francisco's Mission District by renewing its lease at 1100 Valencia Street. Square is also launching with a new ...

A man was stabbed in the leg during a dispute just blocks from Times Square Sunday, officials said. The unidentified victim was knifed in the leg while clashing with the perp in front of a Starbucks ...