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 ...

Thousands lost their jobs last week. And investors celebrated. When Block (XYZ) announced it would eliminate 4,000 employees – roughly 40% of its workforce – the stock surged 24% after hours and added ...

Block’s stock is rocketing 16% after the company said that massive advancements in artificial intelligence are allowing it to cut more than 40% of its workforce. But some argue that the real story is ...

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, the financial technology company co-founded by Jack Dorsey (formerly known as Square), made headlines after cutting a significant portion of its workforce. With reports indicating that nearly ...

Jack Dorsey, Co-Founder, Block Head & Chairman, announced a major workforce reduction: "We're reducing Block from over 10,000 people to just under 6,000." Dorsey ...