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 ...

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

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