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 ...

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 ...

Block announced it will lay off 40% of its workforce as it shifts focus toward expanding its use of artificial intelligence. CEO Jack Dorsey said the company remains financially strong but believes AI ...

It was the combination of "layoffs" and "artificial intelligence" that stoked broader concern for an AI-driven shock to the labor market, leaving many to wonder whether Jack Dorsey's payments company ...