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The Latest Breaking News from Block

After facing the death of its dominant newspaper, Pittsburgh's media has a surprising turnaround

Things looked bleak for media in Pittsburgh until a stunning turnaround

The Independent UK

Twitter cofounder Jack Dorsey breaks down his thought process when he laid off 40% of his Block staff because of AI

Jack Dorsey, CEO of Block, laid off 40% of his staff after working out the “minimal number of people” to run his $41 billion fintech company.

Fortune

Online response to the attack on Sam Altman's house shows a generational divide

Gen Z is furious about AI, and so is the American countryside.

Fortune

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‘It tastes like a Twinkie’: Major tech podcaster Kara Swisher says AI is overhyped for one simple reason—humans don’t like it

Fears about AI’s transformation of the job market may be overblown, according to veteran journalist Kara Swisher—and it’s all thanks to a growing desire for something real.

Fortune

Goldman Sachs Layoff Warning: Tech Workers Being Displaced by AI Face Pay Cuts and Longer Job Hunts

Goldman Sachs warns AI layoffs may cut tech workers' pay and extend job searches, as automation reshapes the technology workforce.

International Business Times UK

Tech companies are cutting jobs and betting on AI. The payoff is far from guaranteed

AI experts say we’re living in an experiment that may fundamentally change the model of work

The Guardian - US

Jack Dorsey and Roelof Botha think AI can make middle management obsolete

The Silicon Valley execs want companies to function as a “mini artificial general intelligence,” and leave traditional corporate hierarchy behind.

Fortune

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Oracle Layoff Cuts Ties With 30,000 Workers, Separation Pay Falls Short of Industry Standards

Oracle's global layoffs are affecting 30,000 employees, with US staff facing minimal severance. Explore how these changes align with Oracle's AI expansion strategy and broader organizational shifts.is

International Business Times UK

Marc Andreessen says AI layoffs are a farce: Companies are 75% overstaffed and AI is the ‘silver bullet excuse’ to clean house

The venture capitalist thinks companies are citing AI as an excuse to cut down workforces for alternative reasons.

Fortune

A Former Block Contestant Has Announced They’re Returning For 2026 Season So Tools Up

After becoming a fan favourite on last year’s season of The Block, one contestant has announced they’re returning to the reality show.

Pedestrian.tv

Andy Jassy and Jack Dorsey Blamed AI for Massive Layoffs, but OpenAI CEO Sam Altman Warns ‘AI Washing’ Is Real. What’s Really Going on with Huge Job Cuts?

More and more Silicon Valley CEOs are blaming job losses on AI. But according to OpenAI CEO Sam Altman, these big layoffs have less to do with technology and more to do with traditional business fundamentals.

Barchart

Tech Layoffs Surge to 59,000 in 2026 as Amazon, Meta and Block Cut Jobs Amid AI Shift — Who's Next?

AI and automation led to over 59,000 job cuts in 2026. Discover how companies like Amazon and Block are using AI for efficiency and what it means for future employment.

International Business Times UK

Epic Games Layoffs Affect 1,000 Staff, Company Denies AI Role in Cuts

Epic Games is restructuring, with over 1,000 layoffs amid financial strain and legal battles with Apple and Google. The company is refocusing on core experiences and future growth, affecting Fortnite and the gaming industry.

International Business Times UK

Perplexity CEO says AI layoffs aren’t so bad because people hate their jobs anyways: ‘That sort of glorious future is what we should look forward to’

Aravind Srinivas suggested AI will enable a new era of small business entrepreneurship he believes was lost in the early 20th century.

Fortune

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Fortune

AI may be helping more people start their own businesses, but without many employees

The cofounders of one startup said they are bringing in $1 million per month with 13 employees thanks to AI.

Fortune

Why Block's COO is tracking 'gross profit per employee'—and how AI is on track to double it to $2 million

Block's Amrita Ahuja explains what is driving gross profit per employee to record levels inside the company.

Fortune

$12 billion AI startup founder says future tech giants could operate with fewer than 100 employees

Advances in AI are enabling some startups to scale to millions of users with lean teams.

Barchart

Block Stock Just Crashed Below Its 50-Day Moving Average. Should You Buy the Dip?

Block shares have slipped below their 50-day MA, indicating bearish momentum. But there are ample reasons for long-term investors to load up on XYZ stock today.

Get all your
news in one place.

100's of premium titles.
One news app.

The Independent UK

Sweeping cuts at Meta could see 16,000 jobs lost as company pumps money into AI

CEO Mark Zuckerberg told investors that ‘projects that used to require big teams now be accomplished by a single, very talented person’

The Guardian - AU

Will AI take Australian jobs, or is it just an excuse for corporate restructure?

More than 1,000 Australian tech jobs have recently been cut, with companies citing AI productivity gains. But that’s not the full story, experts say

The Guardian - AU

‘Devastating blow’: Atlassian lays off 1,600 workers ahead of AI push

Layoffs to affect 10% of workforce amid Australian company’s restructuring plan to push into artificial intelligence and enterprise sales

The Guardian - US

Amazon is determined to use AI for everything – even when it slows down work

Corporate employees said Amazon’s race to roll out AI is leading to surveillance, slop and ‘more work for everyone’.

Fortune

Is AI about to take your job? New Anthropic research suggests the answer is more complicated than you think.

Tasks in jobs involving computers and math are 94% exposed to AI. But AI is currently being used for only a third of them. Why?

The Economic Times

Jack Dorsey's mass job cuts expose tech's bogus narrative

Block Inc. CEO Jack Dorsey announced significant layoffs, framing them as a move towards artificial intelligence. This strategy mirrors a long-standing Silicon Valley tradition of reinterpreting setbacks as forward-thinking innovation. The company's past decisions, including over-hiring and questionable acquisitions, are now overshadowed by this new narrative. This approach aims to…

The Guardian - US

Current and former Block workers say AI can’t do their jobs after Jack Dorsey’s mass layoffs: ‘You can’t really AI that’

The CEO said he cut the company’s workforce by 4,000 people – almost in half – because of gains in AI productivity

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