Current, former employees say AI cannot replace the thousands of workers made redundant in Block's major restructuring ...

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.

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

Morgan Stanley is cutting about 2,500 jobs in a broad round of layoffs across most of the firm. Morgan Stanley is the latest ...

From artificial intelligence to fatalities from music streaming to the effects of immigrants on elderly health care, the ...

The same is true when it comes to AI and layoffs. Martha Gimbel, who leads the Budget Lab at Yale University, points to ...

Meta Platforms Inc. is reportedly planning to lay off as much as 20% of its global staff, according to a report by Reuters ...

Block, Jack Dorsey's payments company, will cut 6,000 of its 10,000 workers as it embraces AI. CNBC's Steve Sedgwick says it's the biggest story of the week.

(KRON) — Block Inc., the fintech company founded by Jack Dorsey, will be cutting thousands of jobs. Dorsey, who was formerly the CEO of Twitter, announced the layoffs on Thursday in a social media ...

OAKLAND, Calif. -- Shares in the Oakland-based financial technology company Block soared more than 20% in premarket trading Friday after its CEO announced it was laying off more than 4,000 of its ...

Atlassian said on Wednesday that it's cutting about 1,600 jobs as the company restructures to focus on enterprise growth and ...