Block Fired 40% of its People. Wall St. Cheered. It’s Just the Start.

Block cut 40% of its workforce from a position of strength. Jack Dorsey says most CEOs are next. Here's the three-layer ...

Laid off by Block, reunited on Slack: Inside the 3,800-person 'Square Mafia'

Former Block employees congregate in an unaffiliated Slack group to share support, find new jobs, and trade memes. It's grown since recent layoffs.

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

WOW.” “WILD.” “Bloodbath.” As the former head of communications, policy and people at Square, the company now known as Block, ...

Block, the parent of Square and Cash App, is laying off over 4,000 people

Block is the latest business to announce layoffs, with the operator of payment platforms Square and Cash App opting to cut jobs in favor of using more AI tools. The financial tech company, helmed by ...
VentureBeat

Jack Dorsey's Block cuts 40% of staff, 4,000+ people — and yes, it's because of AI efficiencies

Former Twitter co-founder Jack Dorsey's new company Block — the parent of merchants payment system Square, mobile peer-to-peer payments Cash App, music streamer Tidal, and open source AI agentic ...
SiliconANGLE

Block rallies after Dorsey slashes 40% of workforce in AI-native reset as earnings top estimates

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 ...