Shares in Block Inc. surged more than 23% in late trading today after the financial services company announced that it was laying off more than 4,000 people from its approximately 10,000-strong ...

The company’s 50% headcount reduction adds to a wave of AI‑cited cuts across tech, even among profitable firms, as forecasts warn of permanent, automation‑driven losses deeper than the Great Recession ...

WASHINGTON (AP) — A federal judge on Monday permanently barred the release of a report by special counsel Jack Smith on his investigation into President Donald Trump’s hoarding of classified documents ...

The company will shrink by more than 4,000 jobs. The company will shrink by more than 4,000 jobs. is a senior reporter covering technology, gaming, and more. He joined The Verge in 2019 after nearly ...

Investing.com -- Block Inc (NYSE:XYZ) shares gained more than 13% in U.S. trading Friday after the payments company said it would cull nearly half its workforce as part of an effort to embed ...

An announcement from Block ( (XYZ)) is now available. On February 26, 2026, Block announced a sweeping workforce reduction and restructuring plan that will cut its headcount by more than 40%, ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min Block, the parent of mobile ...

Add Yahoo as a preferred source to see more of our stories on Google. Seventyfour - stock.adobe.com A Kentucky native was identified Monday as the latest United States solider killed in action during ...

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.’ ...

LOUISVILLE, Ky. — A Kentucky native was identified Monday as the latest United States soldier killed in action during Operation Epic Fury in the Middle East. The Department of War announced the death ...

Investing.com -- Block Inc (NYSE:XYZ) shares gained more than 13% in U.S. trading Friday after the payments company said it would cull nearly half its workforce as part of an effort to embed ...