CEO cited AI advances in cutting 4,000 workers, but a weak crypto market and declining stock price may also be at play Jack Dorsey cited AI as the driving force behind cutting 40% of his company’s ...

The United States military has said its forces have destroyed Islamic Revolutionary Guard Corps (IRGC) command and control facilities and air defence installations as heavy US-Israel attacks on Iran ...

Block led by CEO Jack Dorsey has announced the most dramatic layoffs in the recent times. The company has slashed around 40% jobs which is nearly half of its workforce in a single round of layoffs.

Payments company Block announced it’s laying off 40% of its staff. According to Chairman and founder Jack Dorsey: “This decision comes from a position of strength. Intelligence tools have changed what ...

Jack Dorsey announced major layoffs at Block, cutting nearly half of its workforce. Dorsey said AI was behind the cuts, and the company's stock rose over 20% in after-hours trading. Tech and VC ...

Block (XYZ) stock surged 23% in Thursday after-hours trading after the payment technology company announced that it's cutting its staff by ~40%. Meanwhile, the company issued strong guidance for 2026 ...

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 ...

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 ...

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, ...

Workers describe a deteriorating culture at Block, the company behind Square and Cash App, where layoffs continue and employees are expected to use AI tools daily. “Morale is probably the worst I’ve ...

Lt. Gen. Michael McCurry, commanding general of U.S. Army Futures and Concepts Command, gives a speech during command's activation ceremony at Joint Base Langley-Eustis, Virginia, Feb. 12, 2026.