Jack Dorsey cuts more than 4,000 jobs at Block, shrinking the company by nearly half as he pivots toward smaller teams and AI ...

Jack Dorsey, CEO and co-founder of Block, announced in a letter to shareholders that the Oakland-based financial company was laying off more than 4,000 employees, or about 40% of its workforce. Block ...

Jack Dorsey, founder of Twitter, has announced significant layoffs at Block, cutting over 4,000 jobs and nearly halving the workforce. He emphasized the decision was necessary to address current ...

"Today we shared a difficult decision with our team," Jack Dorsey, Block's co-founder and CEO, wrote in a letter to ...

The company plans to off thousands of people as AI changes the way people work.

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 ...

Twitter co-founder Jack Dorsey said they opted for a single deep round of cuts instead of multiple smaller layoffs over time.