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Bloomberg21d agobearish
Uber Cuts 10% of Customer Service Jobs, Citing ‘Embrace’ of AI

(Bloomberg) -- Uber Technologies Inc. said it has cut 10% of jobs within its customer service operations as part of a broader effort to simplify its ranks and “embrace artificial intelligence.” Most Read from BloombergTrump’s 100% Generic Drug Duty Threatens US Low-Cost SupplyApple Plans Overhaul of MacBooks, iMac in Push to Meet AI DemandHegseth Turns to UNC, Virginia Tech After Dropping Ivy LeagueApple to Launch ‘Upgrade’ Device Leasing Program With Klarna to Spur SalesTrump Extends Pardons to

Block (XYZ) Stock Still Looks Expensive After Its 68% Five Year Slump
Simply Wall St.36d agobearish
Block (XYZ) Stock Still Looks Expensive After Its 68% Five Year Slump

Block stock enters this valuation review with a clear tension, as the Excess Returns intrinsic value estimate suggests about 21.2% upside while market multiples lean the other way, and a 5 year share price decline still hangs over recent gains. Over the past 5 years, Block has fallen 67.9%, which means long term holders are still deep in the red despite the more recent recovery. Recent upgrades that highlight AI driven efficiencies and product execution can support higher earnings...

Another crypto firm cuts staff in major AI push
TheStreet47d agobearish
Another crypto firm cuts staff in major AI push

Following the footsteps of major cryptocurrency companies like Block (NYSE: XYZ), Ethereum Foundation, Coinbase Global (Nasdaq: COIN), and MARA Holdings (Nasdaq: MARA), another firm has decided to fire staff. Launched in 2011, BitGo Holdings (NYSE: BTGO) is a crypto ...

Another Company Trades AI Layoffs For Stock Price
24/7 Wall St.77d agobearish
Another Company Trades AI Layoffs For Stock Price

It has become a pattern. A public company lays off employees and says it has found new efficiencies due to AI. Its stock trades higher immediately. This happened yesterday. The job loss count was modest. Groupon (NASDAQ: GRPN) cut 400 people, but the cut was high relative to its overall employee count. It employs a ... Another Company Trades AI Layoffs For Stock Price

Block’s 40% Layoffs Will Drive 62% Earnings Growth: ‘If You Don’t Have Time to Use AI, You Don’t Have a Job’
24/7 Wall St.90d agobearish
Block’s 40% Layoffs Will Drive 62% Earnings Growth: ‘If You Don’t Have Time to Use AI, You Don’t Have a Job’

Jason Calacanis used Block (NYSE:XYZ) as a case study on a recent This Week in Startups episode to argue that AI-driven productivity gains have become a prisoner’s dilemma for every public company CEO. Block cut over 4,000 people in February 2026, taking headcount from over 10,000 to under 6,000. Three months later, the company posted ... Block’s 40% Layoffs Will Drive 62% Earnings Growth: ‘If You Don’t Have Time to Use AI, You Don’t Have a Job’

From Cisco to Block, more companies are pointing to AI when unveiling job cuts
Associated Press90d agobearish
From Cisco to Block, more companies are pointing to AI when unveiling job cuts

AI is rarely the sole reason companies cite when taking layoffs, with most still pointing to wider corporate restructuring or macroeconomic headwinds. On Wednesday, Cisco Systems announced plans to cut under 4,000 jobs, or about 5% of its workforce. The announcement arrived the same day the tech giant unveiled record revenue for its third fiscal quarter, amid soaring demand for its AI tools and infrastructure.

Truist Cuts PayPal Price Target as Cross-Border Volume Weakness Bites
24/7 Wall St.92d agobearish
Truist Cuts PayPal Price Target as Cross-Border Volume Weakness Bites

Shares of PayPal Holdings (NASDAQ:PYPL) picked up another cautious analyst signal on Tuesday, as Truist lowered its price target to $44 from $45 while maintaining a Sell rating. The price target cut is modest in size, but the continued Sell call carries weight in a market where consensus sits at Hold. For prudent investors, the ... Truist Cuts PayPal Price Target as Cross-Border Volume Weakness Bites