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

Jack Dorsey's Block reports earnings and fires 40% staff.

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

Payments processing company Block is laying off 40% of its 10,000-person staff, CEO Jack Dorsey said in a memo. The tech company, which makes the Square payments product and Cash App, is downsizing ...

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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 ...