Block said Thursday it's laying off more than 4,000 employees, or about half of its head count.

Block, Amazon and CrowdStrike have recently announced significant job cuts. Mass layoffs can create unique financial and career challenges for workers.

Block, the company behind Square, Cashapp and Afterpay, is proactively slashing 40% of its workforce because of advances in AI. Will other companies follow suit? Tech expert Lance Ulanoff tells CNN’s ...

Block cuts 40% of its workforce as Jack Dorsey cites AI-driven restructuring, saying the company remains financially strong despite eliminating over 4,000 jobs ...

The company said the plan would cost it $450 million to $500 million in expenses and severance.

Block’s stock surges 20% as Wall Street rewards massive job cuts at the parent company of Square and the Cash App.

SAN FRANCISCO (KRON) — Block, the fintech company founded by former Twitter CEO, is laying off 8 percent of its staff, according to a report in TechCrunch. The layoffs will impact 931 people. About ...

Block, the parent company of payment apps Square, Cash App and Afterpay, is laying off more than 40 percent of its staff, pointing to recent advancements in AI that are “enabling a new way of working.

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The layoffs were first announced in a shareholder letter on Thursday, after which CEO Dorsey shared the news on his handle on ...