The data scientist says the company ‘shoved AI down everyone’s throats,’ yet she saw ‘very limited gains in productivity.’ ...

The possibility that companies are spinning employees and investors and using AI as a shiny excuse for ugly layoffs has ...

Block cut 40% of its workforce from a position of strength. Jack Dorsey says most CEOs are next. Here's the three-layer ...

Jack Dorsey, CEO and co-founder of Block, announced in a letter to shareholders that the Oakland-based financial company was laying off more than 4,000 employees, or about 40% of its workforce. Block ...

Block shares soared after the fintech company announced massive layoffs, as CEO Jack Dorsey warned that most companies would be making similar moves in the next year.

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

Block, Amazon and CrowdStrike have recently announced significant job cuts. Mass layoffs can create unique financial and career challenges for workers.

Jack Dorsey says his payments company, Block, will cut more than 4,000 jobs as part of an AI-driven restructuring effort, with affected employees expected to find out their fate today.

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.

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

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

Maryland sheriffs continue to push back against new legislation that would further limit cooperation between local detention centers and federal immigration aut Baltimore Council members hold hearing ...