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Forbes contributors publish independent expert analyses and insights. I write about how AI will impact people, business and society. This voice experience is generated by AI. Learn more. This voice ...

Block, the parent company of payment apps Square, Cash App and Afterpay, is laying off more than 40 percent of its staff, pointing to recent advancements in AI that are “enabling a new way of working.

Jack Dorsey isn’t wasting any time. The chairman and co-founder of Block XYZ0.64%increase; green up pointing triangle is cutting 40% of the payments company’s workforce, or more than 4,000 employees, ...

What just happened? Jack Dorsey, the co-founder and former CEO of Twitter, is eliminating over 4,000 jobs at his payments company, Block. In a depressingly familiar repeat of what we've previously ...

Block XYZ-1.56%decrease; red down pointing triangle, the payments company founded by Jack Dorsey that includes Square and Cash App, said Thursday that it plans to lay off 40% of its workforce, or more ...

Feb 26 (Reuters) - Block on Thursday ⁠said ⁠it will cut over 4,000 jobs, nearly ⁠half its workforce, as part of an overhaul to embed artificial intelligence across its operations, sending shares of ...