About 4,000 workers will lose their jobs as the payments company does more work with new artificial intelligence tools, its top executive said. By Natallie Rocha Reporting from San Francisco Block, ...

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Last week, Block CEO and ayahuasca enthusiast Jack Dorsey announced that he was cutting 40% of his company’s staff because AI tools have reduced the company’s need for people. While Dorsey called it ...

When Jack Dorsey announced last week that his fintech company Block was laying off 40% of its workforce due to AI, I immediately thought of two other newsmaking tech CEOs: Elon Musk laying off 80% of ...

With attacks and threats, Tehran is using the world’s most important transit point for oil and gas as leverage against its enemies. IraQ Kuwait Key oil refineries and terminals Shallow waters force ...

Block said Thursday it's laying off more than 4,000 employees, or about half of its head count. Shares of the payment company skyrocketed as much as 24% in extended trading. It was last seen up nearly ...

Homeland Security Secretary Kristi Noem denied that she was blocking 11 different inspector general investigations of her department, including in a criminal matter, even as she blasted the inspector ...

A predisposition to rally is coded into the Block family DNA—and Lia Block has just committed her foreseeable motorsport future to the loose-surface discipline. On Monday, Block announced her new ...

Block, the company behind Square, Cash App and Afterpay, is cutting its staff by 40%. The reason: “intelligence tools,” according to a letter to shareholders by co-founder Jack Dorsey. Dorsey thinks ...

Iran’s new Supreme Leader Mojtaba Khamenei defied U.S. President Donald Trump’s warnings and vowed to keep the Strait of Hormuz closed amid global trade disruption and surging oil prices. “The ...

Jack Dorsey, CEO of Block Inc, is not only laying off nearly half of the company’s workforce, but he wants investors to think he’s an AI-focused trailblazer for doing so. In a letter to shareholders ...