Block says it is laying off more than 4,000 of its 10,000+ employees; XYZ jumps 19%+ in extended trading
Block said Thursday it's laying off more than 4,000 employees, or about half of its headcount. The stock skyrocketed more than 24% in extended trading.
CNBC Annie Palmer
Related Coverage
- Jack Dorsey says he's cutting nearly half of his staff — 4,000 jobs — at Block. Read the memo. Business Insider · Kelsey Vlamis
- Jack Dorsey's Block Slashes Nearly Half Its Staff in AI Bet Bloomberg · Emily Mason
- Block plans to lay off nearly half its staff in ‘deliberate and bold’ embrace of AI Dow Jones Newswires · Emily Bary
- Block Plans To Replace Nearly Half Its Workforce with AI — Stock Rallies Benzinga · Erica Kollmann
- Block Stock Pops as Jack Dorsey's Bitcoin, Payments Company Dumps 4,000 Jobs Decrypt · Sebastian Sinclair
- Block Cuts Workforce by 40% in AI Bet The Information · Michael Roddan
- Block, the parent of Square and Cash App, is laying off over 4,000 people Engadget · Anna Washenko
- Jack Dorsey's Block to cut over 4,000 jobs as AI use expands, shares surge Reuters · Manya Saini
- Block Inc slashes 40% of its staff as Jack Dorsey pushes ‘smaller, flatter’ AI strategy The Block · Jason Shubnell
- Block swaps 4,000 workers for AI Payments Dive · Patrick Cooley
- Jack Dorsey's Block cuts nearly half of its staff in AI gamble The Verge · Jay Peters
- Jack Dorsey's Block to Lay Off 4,000 Employees in AI Remake Wall Street Journal · Angel Au-Yeung
- Jack Dorsey says Block to cut over 40% of workforce as stock surges 25% after earnings Crypto Briefing · Estefano Gomez
- Block plans to lay off nearly half its staff in ‘deliberate and bold’ embrace of AI MarketWatch · Emily Bary
- Twitter Co-Founder Jack Dorsey Cuts Over 4,000 Jobs at Block BeInCrypto · Mohammad Shahid
- Jack Dorsey's Block, Inc. Laying Off Almost 50 Percent of Workforce Because of AI. The National Pulse · William Upton
- Block (XYZ) Surges 25% After Slashing Workforce by Over 40% and Raising Profit Outlook Bitcoin Magazine · Micah Zimmerman
Discussion
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@danprimack
Dan Primack
on x
Stunning in its candor. And if you're one of those spared, how could you not be wondering how long until AI comes for your job too?
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@jack
@jack
on x
we're making @blocks smaller today. here's my note to the company. #### today we're making one of the hardest decisions in the history of our company: we're reducing our organization by nearly half, from over 10,000 people to just under 6,000. that means over 4,000 of you are
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@kmanns.blacksky.app
@kmanns.blacksky.app
on bluesky
One of the financial lessons I learned as an adult - you and the company you work for, as an entity, don't have the same goals. That's why firing you is a bonus for them [embedded post]
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r/technology
r
on reddit
Block shares soar 24% as company slashes workforce by nearly half
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r/Layoffs
r
on reddit
Block (formerly Square) laying off roughly 50% of its workforce (4,000 employees).
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@film_girl
Christina Warren
on x
hey guess what: when 4000 people have lost their jobs, it isn't the time for your ai-written bullet list about how ai has “changed” the game and to push your own bullshit “you need these ai skills/openclaw” grift — save that garbage for the linkedin!
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@ccatalini
Christian Catalini
on x
1/ It's happening: “the intelligence tools we're creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company. and that's accelerating rapidly” https://x.com/...
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@dee_bosa
Deirdre Bosa
on x
This is a profitable, growing company cutting nearly half its workforce. If @jack executes well post-cut, this becomes a template. 3 days ago everyone was calling the Citrini piece “science fiction”... now its hitting a little closer to home
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@markpinc
Mark Pincus
on x
This is what $SNAP needs to do too.
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r/news
r
on reddit
Block shares soar 24% as company slashes workforce by nearly half
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r/Productivitycafe
r
on reddit
AI just replaced half of Block's workers, and it's only the beginning. 40% laid off amid rising profits.