NDTV

"No Need For Middle Management": Jack Dorsey's Bold Vision After 4,000 Layoffs At Block

"There is no need for a permanent middle-management layer," Jack Dorsey wrote in a blog post. Jack Dorsey, chief executive of payments firm Block and former head of Twitter, has called on businesses ...
Business Insider

Jack Dorsey outlines how AI will change Block's org chart — and replace managers with 'player-coaches'

Jack Dorsey and Roelof Botha outlined Block's AI future one month after its sweeping 40% layoffs. The company will have three types of roles, they wrote. "Player-coaches" will replace managers.
Bloomberg L.P.

Block’s Dorsey Outlines AI-Powered Vision to Cut Middle Managers

Jack Dorsey is pitching artificial intelligence as a replacement for middle managers in his reimagined view of how technology companies should function, weeks after Block Inc. announced it was cutting ...
The New York Times

I Worked for Block. Its A.I. Job Cuts Aren’t What They Seem.

Mr. Zamost was the head of communications, policy and people at Square, now known as Block, from 2015 to 2020. See more of our coverage in your search results.Encuentra más de nuestra cobertura en los ...
Business Insider

Inside Block's AI push that ended in pink slips

Seven former Block workers say they used AI to varying degrees and weren't convinced it would replace them. CEO Jack Dorsey's decision to cut the workforce in half came as a shock. AI-driven layoffs ...
Mercury News

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

BANGKOK — Shares in the financial technology company Block soared more than 20% in premarket trading Friday after its CEO announced it was laying off more than 4,000 of its 10,000 plus employees, ...
Engadget

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 ...
Seeking Alpha

Block stock soars 20%+ after slashing headcount, delivering strong 2026 guidance

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 ...
Reuters

Jack Dorsey’s Block to cut nearly half its workforce in AI overhaul, shares surge

Block to cut over 4,000 jobs CEO says AI has changed how a company is run Stock surges 25% after market Analysts call cuts a "seminal moment" in AI era Feb 26 (Reuters) - Block (XYZ.N), opens new tab ...
CNN

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. Dorsey thinks ...
The New York Times

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 top executive said. By Natallie Rocha Reporting from San Francisco Block, ...
Forbes

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

Block announced it’s selling its Cash App Score to third-party lenders. Is it actually revolutionary or just a clever way to monetize captive customer data? Block has originated over $200 billion in ...