Shares of the payment company skyrocketed as much as 24% in extended trading. It was last seen up nearly 18% in Friday's ...

The fintech company behind Stripe payment processing and other financial services laid off almost half its personnel. Was it really AI or an excuse? And does it matter?

Shares in the financial technology company Block have soared more than 20% in after-hours trading after its CEO announced it ...

In an exclusive interview with WIRED, Block’s cofounder and CEO says he axed 40 percent of his workforce so that he can ...

The fintech company behind Square and Cash App is slashing more than 4,000 jobs as AI has made that many people redundant. Wall Street agrees.

Jack Dorsey faces backlash after Block’s $68 million party preceded mass layoffs, as AI strategy and stock surge spark debate.

Former Block employees congregate in an unaffiliated Slack group to share support, find new jobs, and trade memes. It's grown since recent layoffs.

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 ...

The S&P 500 is getting another shakeup, this time with the addition of Block Inc. S&P Dow Jones Indices, which determines membership of the benchmark index said after the close of Friday trading that ...