Block Earnings Show How the Company Is Leaning Into AI As a Catalyst for Its Business

On the Cash App side, the company's Moneybot tool finds patterns like forgotten subscriptions or spending drift and helps ...

Rocket Report: Alpha Block 2 coming this summer; Falcon sets booster landing mark

New record set for safe booster landings. On Tuesday, SpaceX launched another routine Falcon 9 mission from Vandenberg Space ...
The Atlantic

A Private Company Wants to Block the Sun, Responsibly

The world’s first major private geoengineering start-up must have known it’d have skeptics. The basic premise—dimming the sun to artificially cool the planet—has been called reckless by scientists and ...
Business Insider

A small number of Block employees say they were rehired after layoffs

Block has rehired at least four laid-off employees, according to LinkedIn posts. One engineer said he was rehired after his layoff was deemed a "clerical error ...
The New York Times

I Worked for Block. Its A.I. Job Cuts Aren’t What They Seem.

Mr. Zamost was the head of communications, policy and people at Square, now known as Block, from 2015 to 2020. See more of our coverage in your search results.Encuentra más de nuestra cobertura en los ...
Forbes

Block Fired 40% of its People. Wall St. Cheered. It’s Just the Start.

Forbes contributors publish independent expert analyses and insights. I write about how AI will impact people, business and society. This voice experience is generated by AI. Learn more. This voice ...
CBC.ca

Block lays off 4,000 workers citing AI. But how much does AI actually have to do with it?

The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. Jack Dorsey, CEO of ...
Forbes

Block Stock Pops 16% On 40% Layoffs. Where AIpocalypse May Strike Next

Block's stock surged 19% after strong Q4 results and raised guidance, despite cutting 4,000 jobs (40% of its workforce). The company attributes these layoffs to AI tools, aiming for a leaner, ...
The Hill

Block laying off 40 percent of staff, citing AI advancements

Block, the parent company of payment apps Square, Cash App and Afterpay, is laying off more than 40 percent of its staff, pointing to recent advancements in AI that are “enabling a new way of working.
CNBC

Opinion: Block's layoffs might just be the biggest story of a tumultuous week. Here's why

Block, Jack Dorsey's payments company, will cut 4,000 of its 10,000 workers as it embraces AI. CNBC's Steve Sedgwick says it's "time we got better answers" to questions about what jobs the technology ...
New York Post

Jack Dorsey’s chilling warning about job apocalypse – as he cuts 4,000

Twitter co-founder Jack Dorsey is axing more than 4,000 employees at his fintech company Block — slashing the workforce by nearly half in what he called a necessary shift toward ‘intelligence tools.’ ...