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At Close: May 12, 2025
After Block's Layoffs, Could These 3 Companies Be Next?
01:45am, Saturday, 28'th Feb 2026
Software stocks have plunged this year on fears of AI disruption. Block seemed to confirm those fears by announcing mass layoffs as it pivoted AI.
Inside Block's AI push that ended in pink slips
08:03pm, Friday, 27'th Feb 2026
Seven former Block employees say they were using AI to varying degrees but weren't convinced it would replace them yet. CEO Jack Dorsey's decision to cut the workforce in half came as a shock.
Market Today: OpenAI $110B, Block cuts, Nvidia record
05:34pm, Friday, 27'th Feb 2026
Stock News Paramount tops Netflix for WBD: Warner Bros. Discovery (WBD) chose Paramount Skydance's (PSKY) $31-per-share bid over Netflix's (NFLX) $27.75 offer,
Block shares spike 20% after Jack Dorsey orders sweeping layoffs to ride AI wave
03:29pm, Friday, 27'th Feb 2026
Financial tech firm Block's stock surged as much as 20% in Friday trading after its billionaire CEO Jack Dorsey revealed plans for sweeping layoffs and a full embrace of AI tools.
Block Strategy Points to AI Shaping Corporate Infrastructure
03:10pm, Friday, 27'th Feb 2026
It was probably one of those moments where you remember where you were when you heard it. Block announced Thursday (Feb. 26) that it will cut roughly 4,000 jobs, or close to 40% of its workforce, as p
Block Slices Workforce, Raises Questions About AI Washing
02:47pm, Friday, 27'th Feb 2026
Jack Dorsey's fintech company Block announced it was cutting nearly half of its workforce as it bets big on AI. But skeptics say investments in technology may not be the only reason for the layoffs.
Block Axes 4,000 Jobs, Lifts 2026 Outlook
02:03pm, Friday, 27'th Feb 2026
Block, Inc. (NYSE: XYZ) stock surged Friday after the fintech giant paired a blowout fourth quarter with a sweeping workforce reduction, prompting a wave of bullish analyst reactions. Deep staff cuts
Block: A 40% Layoff Is Not Bullish (Even With AI) (Rating Downgrade)
01:48pm, Friday, 27'th Feb 2026
Block, Inc. delivered a solid Q4 with 24% gross profit growth and 46% adjusted operating income growth. XYZ surged on news of a historic 40% workforce reduction, driven by AI-enabled productivity gain
Jack Dorsey makes a grim prediction about the future of work as he lays off 4,000 Block employees in AI push
01:41pm, Friday, 27'th Feb 2026
Jack Dorsey, CEO of Block Inc, is not only laying off nearly half of the company's workforce, but he wants investors to think he's an AI-focused trailblazer for doing so.
Block: A Bombshell 40% Workforce Cut Sparks A New AI Rally
01:19pm, Friday, 27'th Feb 2026
Block, Inc. earns a Buy rating after a strong Q4, driven by aggressive AI-enabled headcount cuts and robust guidance. Q4 results featured $0.65 non-GAAP EPS, $6.25B revenue, and a 17% annual gross pro
Jack Dorsey's Block lays off 40% of employees due to AI innovation.
01:02pm, Friday, 27'th Feb 2026
Jack Dorsey's note to Block employees a "cold comfort to the folks who are getting laid off because of AI," 🥶 Yahoo Finance's Sr. Tech Editor Daniel Howley says.
Block Lays Off 40% of Staff Citing AI. CEO Dorsey Says Other Firms Will Make Similar Moves.
12:56pm, Friday, 27'th Feb 2026
As artificial intelligence technology advances, more people are likely to lose their jobs, according to one high-profile tech CEO.
Jack Dorsey cuts nearly half of Block workforce amid major AI overhaul
11:51am, Friday, 27'th Feb 2026
Block announces massive layoffs affecting over 4,000 jobs as the payments company pivots to AI-driven operations under CEO Jack Dorsey's leadership.
Block: AI Job Cuts Boost May Not Last For Long (Downgrade)
11:30am, Friday, 27'th Feb 2026
Block, Inc. announces a highly dramatic 40% headcount reduction while also upgrading its 2026 guidance. XYZ expects 54% year-over-year growth in both adjusted EPS ($3.66) and operating income ($3.2B)
XYZ Rally More Than Earnings: AI, Layoffs & Outlook Drive Block Higher
11:30am, Friday, 27'th Feb 2026
Earnings are just one side of Block's (XYZ) Friday rally. Guidance, AI outlook, and commentary from the CEO on mass company layoffs all add color to the full story under the headline numbers.
