Shares in company increased over 20% as investors were encouraged by CEO’s assertion that cuts will drive profits Sign up for the Breaking News US email to get newsletter alerts in your inbox Fintech ...

Jack Dorsey isn’t wasting any time. The chairman and co-founder of Block XYZ-2.74%decrease; red down pointing triangle is cutting 40% of the payments company’s workforce, or more than 4,000 employees, ...

Jack Dorsey has axed thousands of workers at Block, the parent company of Cash App, Square and Afterpay, in a move signaling a major shift toward artificial intelligence. In a note to staff, Dorsey ...

(Bloomberg) --Jack Dorsey’s Block is cutting 4,000 employees, reducing its workforce by nearly half, in a move the financial technology firm is describing as a bet on artificial intelligence changing ...

Block, the parent company of Square and the Cash App, is conducting a major reorganization in the age of artificial intelligence, and investors are rewarding the move. The payment-technology company ...

Twitter co-founder Jack Dorsey is axing more than 4,000 employees at his fintech company Block — slashing the workforce by nearly half in what he called a necessary shift toward ‘intelligence tools.’ ...

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 ...

Billionaire money manager Bill Ackman is betting big on the evolution of artificial intelligence (AI). Pershing Square Capital Management's Form 13F shows sizable positions in two trillion-dollar ...

Toast (TOST) posted $1.63B in revenue (up 25%) and added 7,500 net locations in Q3. Toast now processes $51.5B in annual gross payment volume. Block (SQ) reported $6.87B in revenue and beat estimates ...

MARIETTA, Ga. — Traffic in the Marietta Square area was snarled for a time Saturday night. A vehicle was struck by a train while crossing the tracks on Waverly Way, causing the train to remain in ...