Fintech company Block lays off 4,000 of its 10,000 staff, citing gains from AI

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

Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same

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.

Jack Dorsey struck an 'empathetic' tone as he laid off nearly half of Block

The CEO's empathetic and transparent tone and a relatively generous layoff package, are gaining respect amid a 40% workforce ...

Block to cut more than 4,000 jobs amid AI disruption of the workplace

The company plans to off thousands of people as AI changes the way people work.

Block Cuts 40% of Its Work Force Because of Its Embrace of A.I.

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

Here's what smart people are saying about Jack Dorsey slashing Block's workforce

Smart people in tech and VC say Jack Dorsey's Block layoffs are "the canary in the coal mine" when it comes to AI job cuts.
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FORTRESS REAL ESTATE INVESTMENTS LIMITED – Consolidated unaudited interim results for the six months ended 31 December 2025 and prospects

Financial periods defined as follows: – 1H2025 – Interim reporting period for the six months ended 31 December 2024; – 1H2026 – Interim reporting period for the six months ended 31 December 2025; – ...