The fintech company behind Square and Cash App is slashing more than 4,000 jobs as AI has made that many people redundant.

Block reports strong earnings, cuts workforce, and shifts to AI model as analysts say Square stands to benefit most.

Block said the restructuring will cost up to $500 million and be largely completed by mid-2026, as investors embraced the move.

Jack Dorsey's Block reports earnings and fires 40% staff.

Cryptocurrency is rarely used to buy things, but there are still payment companies building networks in anticipation of demand. Processing Content Crypto.com, for example, has integrated with Stripe ...