The Block co-founder called the decision "one of the hardest decisions in the history of our company." ...

Matt Britzman, Senior Equity Analyst at Hargreaves Lansdown, looks at the latest market moves as UK confidence dips, US tech momentum cools and AI-driven job ...

The parent company of buy-now, pay-later service Afterpay has cut almost half of its human workforce, citing “intelligence ...

The Pentagon will forbid members of the military from attending Columbia, Yale, Brown and other universities starting next ...

While Jack Dorsey cites AI-enabled productivity gains as the reason for Block's cuts, the deeper shift is in payments plumbing: stablecoin settlement threatens to compress the fee stack that fintech ...

Block’s “audacious” move ignites debate over whether the company is using AI as an excuse to walk back reckless hiring.

By Utkarsh Shetti and Manya Saini Feb 27 (Reuters) - Block shares soared more than 16% on Friday after the fintech firm ...

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

The all-lowercase public letter to staff elaborates on why Dorsey slashed headcount at the fintech company by thousands—to ...

The CEO of Block, Inc., announced layoffs of about half its workforce on Feb. 26, citing AI as the reason for the large cuts ...

Jack Dorsey faces backlash after Block’s $68 million party preceded mass layoffs, as AI strategy and stock surge spark debate.

Citrini warned everyone that these AI layoffs were coming, and it seems Jack Dorsey took their warning to heart and chose to ...