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

Jack Dorsey, CEO and co-founder of Block, announced in a letter to shareholders that the Oakland-based financial company was ...

Block’s 40% layoffs spark questions about AI’s role and overhiring. Here’s what the data shows about headcount, compliance ...

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.

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

Block is the latest business to announce layoffs, with the operator of payment platforms Square and Cash App opting to cut jobs in favor of using more AI tools. The financial tech company, helmed by ...

San Francisco — There’s a new Silicon Valley corporate name change on the block. A month after Facebook renamed itself Meta, Square Inc., the payments company headed by former Twitter CEO Jack Dorsey, ...

Block reports strong earnings, cuts workforce, and shifts to AI model as analysts say Square stands to benefit most.

Analysts estimate adjusted EPS of $0.22 vs. $0.32 in Q4 FY 2020. Gross payment volume is expected to rise at a robust pace YOY. Revenue growth is expected to rise, but at the second-slowest pace in at ...

Gross payment volume (GPV) came in above analysts' predictions. GPV measures the total dollar amount of card payments processed by sellers on the company's payment ecosystem. Block's transaction-based ...

SAN FRANCISCO--(BUSINESS WIRE)--Square, Inc. (NYSE: SQ) announced today that it is changing its name to Block. Block will be the name for the company as a corporate entity. The Square name has become ...

Square has the highest gross margin across Block’s reported segments. The fact that outbound sales will play a greater role in Square’s seller acquisition efforts is an implicit admission that growth ...