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

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

Just one month into 2024 PayPal and Block have culled their staff numbers, leaving Australian tech employees nervous for the future of their jobs. Two fintechs overnight retrenched about 3500 workers ...

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 ...