About one-fourth of the workers Block cut in its massive February layoff are based in California, according to a document ...

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, ...

Twitter founder and Block Inc (formerly Square) CEO Jack Dorsey announced late last month that his fintech venture was making “one of the hardest decisions in the history of our company” by “reducing ...

Block said it expects annual gross profit growth through 2028 to be in the mid-teens, with adjusted operating income climbing about 30% annually. The company also expanded its share repurchase program ...