Shares in the financial technology company Block have soared more than 20% in after-hours trading after its CEO announced it ...

In an exclusive interview with WIRED, Block’s cofounder and CEO says he axed 40 percent of his workforce so that he can ...

Jack Dorsey, CEO and co-founder of Block, announced in a letter to shareholders that the Oakland-based financial company was laying off more than 4,000 employees, or about 40% of its workforce. Block ...

About 4,000 workers will lose their jobs as the payments company does more work with new artificial intelligence tools, its ...

By Manya Saini and Arasu Kannagi Basil Feb 26 (Reuters) - Block on Thursday said it will cut over 4,000 jobs, nearly half its workforce, as part of an overhaul to embed artificial intelligence across ...

Former Block employees congregate in an unaffiliated Slack group to share support, find new jobs, and trade memes. It's grown since recent layoffs.

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 ...

Block shares were on track for their second-worst day, plunging more than 20% after a brutal quarterly report and a wave of analyst downgrades. Analysts flagged fresh concerns around stagnant Cash App ...