Global Markets

Scan to download

Faster Financial News and Market Quotes

Download App
Invite

[Block Lays Off 40% Of Workforce, Citing AI Efficiencies; Shares Surge] Block, The Company Behind Square, Cash App, And Afterpay, Is Reducing Its Staff By 40%, Laying Off Over 4,000 Employees And Bringing Its Total Workforce To Just Under 6,000. Co-founder Jack Dorsey Stated That This Decision Is Driven By The Capabilities Of Intelligence Tools, Which Enable Smaller Teams To Achieve More Efficiently. The Company's Financial Guidance Indicates An Opportunity To Move Faster With Highly Talented Teams Leveraging AI For Automation. Block's Shares Increased By Up To 24% Following The Announcement.

Quick Access to 7x24

Quick Access to More Editor-selected Real-time News

Exclusive video for free

FastBull project team is dedicated to create exclusive videos

Real-time Quotes

View more faster market quotes

More comprehensive macro data and economic indicators

Members have access to entire historical data, guests can only view the last 4 years

Member-only Database

Comprehensive forex, commodity, and equity market data