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Basilica Block Party ends permanently

MINNEAPOLIS — A beloved local music festival that struggled in recent years is not coming back. Basilica Block Party organizers announced that it's permanently concluded. This comes after a pause last ...
Business Insider

Famed short-seller Carson Block unpacks how he picks his bearish targets

Carson Block's Muddy Waters Research unveiled a new short bet last week. The famed short seller described SoFi as a "financial engineering treadmill." Block spoke with Business Insider about how he ...
The New York Times

I Worked for Block. Its A.I. Job Cuts Aren’t What They Seem.

Mr. Zamost was the head of communications, policy and people at Square, now known as Block, from 2015 to 2020. See more of our coverage in your search results.Encuentra más de nuestra cobertura en los ...
Forbes

Block Lays Off 40% Of Staff And Blames It On AI. Don’t Buy The Excuse.

Payments company Block announced it’s laying off 40% of its staff. According to Chairman and founder Jack Dorsey: “This decision comes from a position of strength. Intelligence tools have changed what ...
Observer

Jack Dorsey Recasts Block as an A.I.-First Company

Jack Dorsey believes A.I. will force most companies to rethink headcount, and he’s acting before the market does. MARCO BELLO/AFP via Getty Images Block, the parent company of Square and Cash App, has ...
Business Insider

Jack Dorsey says he's cutting nearly half of his staff — 4,000 jobs — at Block. Read the memo.

Block lays off over 4,000 employees, cutting its workforce by nearly half, CEO Jack Dorsey said. Jack Dorsey emphasized a shift toward smaller teams and intelligence tools at Block. Read the lengthy ...
Reuters

Jack Dorsey’s Block to cut nearly half its workforce in AI overhaul, shares surge

Block to cut over 4,000 jobs CEO says AI has changed how a company is run Stock surges 25% after market Analysts call cuts a "seminal moment" in AI era Feb 26 (Reuters) - Block (XYZ.N), opens new tab ...
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 Washington Post

D.C. attorney general says Congress missed deadline, failed to block tax policy

D.C.’s top legal officer argued Tuesday that a disapproval resolution Congress passed to block the city from opting out of President Donald Trump’s tax cut has no teeth in part because federal ...
Wired

Inside the Rolling Layoffs at Jack Dorsey’s Block

Workers describe a deteriorating culture at Block, the company behind Square and Cash App, where layoffs continue and employees are expected to use AI tools daily. “Morale is probably the worst I’ve ...