BeInCrypto7d agobearish
Block’s Controversial AI Layoffs Are Paying Off, Earnings ShowBlock's Q2 earnings beat expectations, months after Jack Dorsey's controversial 40% AI-driven layoffs, potentially setting a precedent.
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Investor's Business Daily7d agobearish
Block Earnings Top Views. Guidance Underwhelms. Shares Fall.Block stock fell amid Q2 earnings and revenue that topped consensus estimates while profit guidance met expectations.
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’