Jack Dorsey says Block will cut over 40% of its workforce as shares surge 25% post earnings despite strong profit guidance.

Block reported first-quarter earnings after the bell that beat analysts' estimates. The company reported $5.96 billion in revenue, vs. $5.82 billion expected. Block, formerly known as Square, ended ...

Payments fintech Block is planning another round of layoffs as the company continues to push cost-cutting efforts. Processing Content The layoffs come in tandem with the company's annual performance ...

Block, the fintech company whose subsidiaries include Square, Cash App and Afterpay, is laying off staff at a tumultuous time for tech industry workers. That’s according to an internal memo from CEO ...

Block rose 7% Monday after S&P Global said the fintech company will replace Hess in the S&P 500. Passive funds are expected to buy around 101 million shares ahead of inclusion, according to Stephens.

Block (NYSE:XYZ) is scheduled to announce Q2 earnings on Thursday, August 7th, after market close, and a rebound in the performance of Cash App segment is likely to help the payments company beat ...

Many former Block employees posted messages to LinkedIn suggesting the staff cuts had been expected since 2023. Financial payment processing firm Block Inc., co-founded by Twitter creator Jack Dorsey, ...

Wall Street applauded Block's (XYZ) 2025 investor day, with one Wall Street analyst saying Thursday the company "delivered exactly what the market needed," and another calling the event a "positive ...

I reaffirm my "Buy" rating on Block stock, supported by strong commercial performance in FY 2023, with 26% YoY topline and 25% YoY gross profit growth clearly outpacing analyst expectations. Heading ...

Block is taking another step to attract younger customers with a Teen Advisory Council, a group of approximately 20 teens that will help shape the company's product development. Processing Content ...