Morningstar

Global Chill Block Market Outlook 2026-2036: Foundry Quality Control & Scrap Reduction Drive Steady Growth

NEWARK, DE / ACCESS Newswire / March 24, 2026 / The global casting and foundry ecosystem is entering a phase of precision-driven transformation, where yield optimization and defect minimization are ...
The Business Journals

Block lays off 83 Arizona workers as part of AI-driven workforce reduction

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min Oakland, California fintech firm ...
Wall Street Journal

Jack Dorsey Blamed AI for Block’s Massive Layoffs. Skeptics Aren’t Buying It.

In September, payments firm Block Inc.XYZ2.75%increase; green up pointing triangle gathered 8,000 of its employees from around the globe to California for an extravaganza celebrating the company’s ...
Forbes

Block Stock Pops 16% On 40% Layoffs. Where AIpocalypse May Strike Next

Block's stock surged 19% after strong Q4 results and raised guidance, despite cutting 4,000 jobs (40% of its workforce). The company attributes these layoffs to AI tools, aiming for a leaner, ...
Seeking Alpha

Block raises 2026 gross profit growth guidance to 18% with $12.2B target following workforce reduction

Jack Dorsey, Co-Founder, Block Head & Chairman, announced a major workforce reduction: "We're reducing Block from over 10,000 people to just under 6,000." Dorsey ...
TechCrunch

Jack Dorsey just halved the size of Block’s employee base — and he says your company is next

Jack Dorsey has long been an open admirer of Elon Musk. Now, it seems, he may have been taking notes. On Thursday, Dorsey announced that Block, the payments company he founded that operates Square, ...
MarketWatch

Block to Cut 4,000 Workers as AI Replaces Jobs -- Update

Block is cutting nearly half its workforce as it automates more jobs with artificial intelligence. The financial services company plans to reduce its workforce to less than 6,000 people, from more ...
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 ...
CNBC

Block shares soar as much as 24% as company slashes workforce by nearly half

Block said Thursday it's laying off more than 4,000 employees, or about half of its head count. Shares of the payment company skyrocketed as much as 24% in extended trading. It was last seen up nearly ...
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, ...