Block Craft Beer + Kitchen to open in a former Device Brewing space in Sacramento

Block Craft Beer + Kitchen will be at 7485 Rush River Drive, Suite 650, in the former Device Brewing Co. space. A new brewery ...

Apple expands iOS 18 updates to more iPhones to block DarkSword attacks

Apple has now made it possible for more iPhones still running iOS 18 to receive security updates that protect against the ...

New eatery to open in old Henry's Tavern Brewery Blocks space

Seven years after Henry’s Tavern closed in the Pearl District, a new restaurant is opening in the historic 12,000-square-foot ...
Los Angeles Times

AI-washing: How companies like Block may use AI as a layoff excuse

When Block Inc. laid off nearly half its staff last week, co-founder Jack Dorsey offered a seemingly simple explanation: Artificial intelligence was allowing the company to do more with fewer ...
Business Insider

Here is how Block's severance package compares to other tech companies in past layoffs

Jack Dorsey's Block is laying off nearly half of its employees, equivalent to about 4,000 jobs. The financial services company has earned some praise for its severance package. Here's how it compares ...
Forbes

Block Lays Off 40% Of Staff And Blames It On AI. Don’t Buy The Excuse.

Payments company Block announced it’s laying off 40% of its staff. According to Chairman and founder Jack Dorsey: “This decision comes from a position of strength. Intelligence tools have changed what ...
Seeking Alpha

Block stock climbs 13% after massive headcount cut

Block stock gained 13% in Friday midday trading, paring from the 20%+ jump it experienced in Thursday after-hours trading. The stock action came after the payment tech company unveiled a stunning ...
Business Insider

Jack Dorsey says Block overhired during COVID, but to blame layoffs on that alone 'misses all the complexity'

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Morningstar

Block says AI will let it cut more than 4,000 jobs. Some argue that's not the whole story.

Block's 'audacious' move ignites debate over whether the company is using AI as an excuse to walk back reckless hiring Block is the parent company of Square and the Cash App. Block's stock is ...
Los Angeles Times

Block to cut more than 4,000 jobs amid AI disruption of the workplace

This is read by an automated voice. Please report any issues or inconsistencies here. Fintech company Block said Thursday that it’s cutting more than 4,000 workers or nearly half of its workforce as ...
SiliconANGLE

Block rallies after Dorsey slashes 40% of workforce in AI-native reset as earnings top estimates

Shares in Block Inc. surged more than 23% in late trading today after the financial services company announced that it was laying off more than 4,000 people from its approximately 10,000-strong ...
MarketWatch

Block plans to lay off nearly half its staff in ‘deliberate and bold’ embrace of AI

Block, the parent company of Square and the Cash App, is conducting a major reorganization in the age of artificial intelligence, and investors are rewarding the move. The payment-technology company ...