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The Latest Breaking News from Block

Peter Thiel warned AI is coming for 'math people before word people.' Banks have already said smaller headcounts are possible

Last month, Block announced a 40% cut to its headcount, or about 4,000 jobs, and cited AI models as a top reason.

Fortune

The unexpected 92,000 drop in payrolls is a clue we might be reading the AI jobs narrative all wrong

Is AI taking jobs? Or are companies cutting jobs to pay for the enormous capex outlays on AI?

Fortune

How Block’s CFO became convinced the company needed only 60% of its staff

The finance chief discusses why a profitable fintech is betting that an AI-native workforce can outpace a much larger one.

Fortune

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Iran is turning out to be a more effective enemy than many thought, and U.S. allies are losing their patience with the war

Everything you need to know before you get to the office today.

Fortune

Exclusive: Block’s CFO explains the AI leaps over 18 months that led to the decision to slash nearly half its workforce

New tools including its custom LLM "goose" gave leaders confidence that smaller teams can now handle “really meaningful bodies of work,” says Block’s CFO and COO Amrita Ahuja.

Fortune

Cash Flow Kings: 2 Stocks to Hide In, 1 to Avoid

Dell and Block generate strong free cash flow and bullish analyst sentiment in 2026. Lucid's negative margins and heavy short interest tell a different story.

MarketBeat

Block Stock Surges 20% After Jack Dorsey’s AI Layoff Bet — Buy, Hold, or Sell?

Investors reward Block’s AI shift, even as thousands lose jobs, but it’s still a risky bet.

Barchart

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3 questions every CEO needs to ask about the AI jobs doom loop in the wake of Jack Dorsey’s dramatic 40% layoffs at Block

Dorsey’s move sparked fresh debate about AI’s impact on jobs after a week dominated by doomsday scenarios.

Fortune

Top economist says companies are close to a 'Cortes moment' on AI, referencing the conquistador who burned his boats and then invaded Mexico

Moody’s Analytics chief economist warned firms are approaching the point of no return on AI adoption—and the labor market may feel it first.

Fortune

What was really behind Jack Dorsey laying off nearly half of Block’s staff?

CEO cited AI advances in cutting 4,000 workers, but a weak crypto market and declining stock price may also be at play

The Guardian - US

The week the AI scare turned real and America realized maybe it isn't ready for what's coming

From the "Ghost GDP" to mass layoffs at tech companies, this was the week AI's new collar economy took full effect.

Fortune

She joined Block to build AI. Weeks later, AI cost her job.

Block cut more than 4,000 jobs, citing efficiency gains from AI, underscoring how even AI-focused roles are vulnerable in today’s tech restructuring.

Fortune

Dow Dives 521 Points as Goldman, AmEx Slide: Stock Market Today

News of Block's massive layoffs exacerbated AI worries across the financial sector.

Kiplinger

Block CEO Jack Dorsey lays off nearly half of his staff because of AI and predicts most companies will make similar cuts in the next year

The former Twitter CEO said AI was “enabling a new way of working” as his company scales back its workforce as a result of AI productivity gains.

Fortune

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The Guardian - US

Jack Dorsey to cut 4,000 jobs due to AI advances at Square parent Block

Shares in company increased over 20% as investors were encouraged by CEO’s assertion that cuts will drive profits

International Business Times

CEO Says AI is Main Reason For Laying Off Nearly Half of His Employees: 'Can Do More And Do It Better'

Block CEO Jack Dorsey announced that he was laying off 40 percent of the company's workforce, citing improved efficiency from AI as the reason.

International Business Times UK

Jack Dorsey Announces 4,000 Job Cuts at Block as AI Push Sends Shares Soaring

Jack Dorsey plans to cut 4,000 jobs at Block, citing AI-led efficiency. The move has excited investors, with shares surging 27% post-announcement.

TechRadar

'We see an opportunity to move faster with smaller, highly talented teams using AI to automate more work': Block decimates workforce in favor of AI

Jack Dorsey's Block will remove 4,000 workers from its 10,000-strong team, all because AI can get the job done for less.

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Euronews

Jack Dorsey's Block cuts roughly 50% of jobs as it embraces AI and shares jump

Block CEO Jack Dorsey has announced a radical restructuring that will see nearly half of the company’s workforce made redundant. Shares surged by 23.5% in after-hours trading.

The Independent UK

Asian shares are mixed after Nvidia's losses pull Wall St lower, as AI-linked layoffs rattle markets

Shares are mixed in Asia after the worst day for Nvidia’s stock since last spring dragged the U.S. market lower

The Independent UK

Fintech company Block lays off 4,000 of its 10,000 staff, citing gains from AI

Shares in the financial technology company Block have soared more than 20% in after-hours trading after its CEO announced it was laying off more than 4,000 of its 10,000 some employees due to efficiency gains from artificial intelligence

The Independent UK

Jack Dorsey fires nearly half the staff at Block as he goes fully in on AI

Block, which owns payment service Cash App, went from more than 10,000 employees to just under 6,000 Thursday

Barchart

Block, Inc. Stock: Is Wall Street Bullish or Bearish?

Block, Inc. has notably underperformed the broader market over the past year, but analysts are cautiously optimistic about the stock’s prospects.

Barchart

Earnings Preview: What to Expect From Block's Report

Block is ready to unveil its fiscal fourth-quarter earnings soon, and analysts project earnings in line with the year-ago quarter.

The Independent UK

Longtime Pittsburgh newspaper announces it’s ending operations after 240 years

The paper's DNA stretches back to the original Pittsburgh Gazette, founded in 1786

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