Block's earnings were impressive, but the most important part could be its future AI potential.
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Block’s 40% layoffs will drive 62% earnings growth: ‘If you don’t have time to use AI, you don’t have a job’
Block (NYSE:XYZ) cut 4,000+ employees in February 2026 and posted Q1 2026 adjusted diluted EPS growth of 51.8%, with guidance calling for 62% year-over-year full-year EPS growth. 100% of employees use ...
Last week, Block CEO and ayahuasca enthusiast Jack Dorsey announced that he was cutting 40% of his company’s staff because AI tools have reduced the company’s need for people. While Dorsey called it ...
In Jack Dorsey's view of the world, the job most at risk from the AI revolution is the middle manager. Dorsey argues in a new essay, "From Hierarchy to Intelligence," published with Roelof Botha, ...
This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more. SUQIAN, CHINA - JUNE 10: In this photo illustration, the logo of AI Agent is displayed on a ...
Late last month, at an event in Washington, D.C., Andrew Yang delivered a bleak message. “I have bad news, America,” he told the crowd. “The Fuckening is here.” The Fuckening is the name that Yang, a ...
Block (NYSE: XYZ) recently reported its first-quarter earnings, and the numbers were quite strong across the board. Gross profit grew 27% year-over-year, including 38% growth on the Cash App side of ...
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