readuncut20h ago

Jack Dorsey demonstrated both versions with the poise of a man who had already forgotten what he said 12 months ago. Cut 931 people in March 2025 ("not about AI"), then 4,000 more in February 2026 ("100 people + AI = 1,000 people"). Block's stock surged 25% on the second announcement. https://readuncut.com/the-ai-bet-corporate-america-actually-made-it-wasnt-productivity/

#AI #TechLayoffs #BlockInc #AIWashing

AI Layoffs and Wage Compression: The Bet Corporate America Made

AI gave corporate America a way to gut headcount and get applauded for it. An NBER study found only 2% of execs attributed cuts to actual AI, but 60% cut in anticipation of efficiencies that haven't arrived. The bet was never productivity. It was permanent wage compression with better PR.

Read Uncut
NewsletterTFMar 1

Australian Stock Market Closes Higher Amidst Mixed Corporate News

Australian share market rises as Block Inc. jumps 28%. Coles shares fall after mixed financial results. Find out what happened and why it matters.

#ASX #BlockInc #Coles #StockMarket #Australia

https://newsletter.tf/asx-closes-higher-block-inc-surge-coles-falls/

ASX Closes Higher on Block Inc. Surge, Coles Falls on Mixed Results

Australian share market rises as Block Inc. jumps 28%. Coles shares fall after mixed financial results. Find out what happened and why it matters.

NewsletterTFMar 1

The ASX 200 index rose 3.7% in February, its best month since May. Today, Block Inc. jumped 28% while Coles shares fell.

#ASX #BlockInc #Coles #StockMarket #Australia

https://newsletter.tf/asx-closes-higher-block-inc-surge-coles-falls/

ASX Closes Higher on Block Inc. Surge, Coles Falls on Mixed Results

Australian share market rises as Block Inc. jumps 28%. Coles shares fall after mixed financial results. Find out what happened and why it matters.

Show threadJamesFeb 27
#AI #ArtificialIntelligence #Tech #BlockInc #Layoffs
Yonhap Infomax NewsFeb 10
Block Inc., led by Jack Dorsey, will cut up to 10% of its workforce by February, marking its third straight year of major layoffs amid weak share performance and earnings pressure.
#YonhapInfomax #BlockInc #JackDorsey #Layoffs #Earnings #SharePriceDrop #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=104736
Block, Led by Jack Dorsey, Announces Another 10% Workforce Reduction—Third Consecutive Year of Layoffs

Block Inc., led by Jack Dorsey, will cut up to 10% of its workforce by February, marking its third straight year of major layoffs amid weak share performance and earnings pressure.

Yonhap Infomax
Yonhap Infomax NewsAug 8, 2025
Block Inc. shares surged 5.5% in after-hours trading after the company raised its annual gross profit outlook, despite Q2 EPS missing estimates and strong growth in payment volume and market share.
#YonhapInfomax #BlockInc #GrossProfit #EarningsGuidance #AfterHoursTrading #SP500Index #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=76219
Block Shares Jump 5.5% After Upward Revision of Annual Earnings Guidance

Block Inc. shares surged 5.5% in after-hours trading after the company raised its annual gross profit outlook, despite Q2 EPS missing estimates and strong growth in payment volume and market share.

Yonhap Infomax
Yonhap Infomax NewsJul 15, 2025
Fintech stocks including Block Inc. rebounded sharply after last week's sell-off triggered by JPMorgan's new data access fees, as concerns over fee risks eased and analysts downplayed the impact on major players.
#YonhapInfomax #BlockInc #Fintech #JPMorgan #FeeRisk #PayPalHoldings #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=72109
Fintech Stocks Including Block Rebound from JPMorgan Shock as Fee Risk Concerns Ease

Fintech stocks including Block Inc. rebounded sharply after last week's sell-off triggered by JPMorgan's new data access fees, as concerns over fee risks eased and analysts downplayed the impact on major players.

Yonhap Infomax
Anders_SApr 21, 2025

De mest använda sociala medierna i Sverige är Youtube, Facebook, Instagram, Snapchat, LinkedIn, TikTok, Flashback, X, Pinterest, Discord, Reddit, Roblox, Twitch, BeReal och Threads. Bluesky, Yubo och Mastodon har färre användare.

https://blog.zaramis.se/2025/04/21/de-som-ager-och-kontrollerar-de-sociala-medierna/

De som äger och kontrollerar de sociala medierna - Svenssons Nyheter

De som äger och kontrollerar de sociala medierna. De mest använda sociala medierna i Sverige är Youtube, Facebook, Instagram, Snapchat,

Svenssons Nyheter
⚯ Michel de Cryptadamus ⚯Jan 16, 2025

oh look #JackDorsey's crypto friendly financial transactions company Block (FKA "Square", owns #CashApp, among others) just got hit with an $80 million fine for facilitating #moneylaundering

this is my shocked face

#SQ #AML #BSA #Block #BlockInc #Uspol #broligarchy #broligarchs #crypto #cryptocurrency #bitcoin