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Block, The CEO

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Top News
Overview
 · 2d
Block CEO Jack Dorsey cites AI for layoff of nearly 50% of workers
The CEO of Block, Inc., announced layoffs of about half its workforce on Feb. 26, citing AI as the reason for the large cuts and warning the tech industry of a larger push towards AI. Jack Dorsey, CEO and co-founder of Block,

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 · 2d · on MSN
Block laying off 40 percent of staff, citing AI advancements
 · 3d · on MSN
Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same
 · 1d
Jack Dorsey's Block axes 'nearly half' of workforce in chilling sign of AI's impact on employment
Jack Dorsey has axed thousands of workers at Block, the parent company of Cash App, Square and Afterpay, in a move signaling a major shift toward artificial intelligence.

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 · 2d
Block CEO Jack Dorsey lays off nearly half of his staff because of AI and predicts most companies will make similar cuts in the next year
 · 2d
Jack Dorsey Bets Block’s Future On AI, Cuts Nearly Half Its Workforce
Opinion
10dOpinion

Block’s Credit Score Play: Can Cash App Score Replace FICO?

Block announced it’s selling its Cash App Score to third-party lenders. It could be one of the more interesting data-as-a-service businesses in fintech right now.
3don MSN

Block, the parent of Square and Cash App, is laying off over 4,000 people

Block is the latest business to announce layoffs, with the operator of payment platforms Square and Cash App opting to cut jobs in favor of using more AI tools. The financial tech company, helmed by Twitter founder Jack Dorsey,
11monon MSN

Block's Cash App rolls out Afterpay BNPL within its app

Block (NYSE:XYZ) is offering Afterpay buy now, pay later financing to eligible Cash App customers starting this week when they shop at partner merchant sites, the company said on Monday. With the change, Cash App and Afterpay, both part of Block (NYSE:XYZ ...
2don MSN

Block Axes 4,000 Jobs, Lifts 2026 Outlook

Block, Inc. XYZ stock surged Friday after the fintech giant paired a blowout fourth quarter with a sweeping workforce reduction, prompting a wave of bullish analyst reactions. Deep staff cuts and accelerating Cash App momentum are set to turbocharge margins and reshape the company's earnings power — and Wall Street is taking notice.
Digital Transactions
1y

Block Agrees to Pay CFPB Fines Over Cash App’s Alleged Sloppy Fraud Prevention

Block Inc. reached an agreement with the Consumer Financial Protection Bureau early Thursday under which it will pay up to $175 million in restitution for what the CFPB claims were sloppy and misleading fraud-prevention practices used by Block’s Cash App.
Seeking Alpha
4mon

Block’s Cash App post-purchase BNPL is gaining steam, could lift EPS growth: UBS

Block’s (NYSE:XYZ) newest lending feature inside Cash App, the ability to convert recent Cash App Card purchases into installment plans, has scaled quickly since launching in February and could become a meaningful earnings tailwind over the next two ...
Benzinga.com
3mon

Block Banks On Cash App, AI, Buybacks For Its Next Act

Block, Inc. (XYZ) shares are trading higher on Thursday. Yesterday, the company provided guidance at its Investor Day event. • XYZ is gathering positive momentum. Check the market position here. The company also announced a $5 billion increase to its ...
Digital Transactions
1y

Block Looks to Cash App and Loans as Growth Drivers in 2025

Cash App was a big growth driver last year for Block Inc. and is expected to remain so as 2025 unfolds, the company said during a conference call late Thursday to discuss Block’s fourth-quarter results. Block is the parent company of the Square and Cash ...
CNBC
10mon

Block plunges 20% as Cash App miss triggers downgrades

Block shares were on track for their second-worst day, plunging more than 20% after a brutal quarterly report and a wave of analyst downgrades. Analysts flagged fresh concerns around stagnant Cash App user growth, muted consumer demand and a soft macro ...
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