KOB 4

Exclusive: An inside look at The Block in Rio Rancho

RIO RANCHO, N.M. — After months of delays, The Block is almost ready to open in Rio Rancho’s Enchanted Hills. The shipping container complex will feature a high-end bar, boutiques, and an interior ...
Seattle Daily Journal of Commerce

On the Block: Pits, ranked

Pits are a key barometer, a vital/morbid economic index we track closely at the DJC. Those voids below grade are a hallmark of development progress stalled … the lack of wherewithal to clamber back ...
WKBW

North Aud Block development faces scrutiny over affordable housing mix at Canalside

BUFFALO, N.Y. (WKBW) — The $189 million mixed-use development planned for Buffalo's Canalside is facing pushback from a group of local developers and business leaders who say the North Aud Block ...
MIT Technology Review

A new US phone network for Christians aims to block porn and gender-related content

Launching next week on T-Mobile's network, the cell plan takes a nuclear approach to online safety. A new US-wide cell phone network marketed to Christians is set to launch next week. It blocks porn, ...
CoinTelegraph

Bitpanda targets banks with Vision Chain tokenization platform

The Vienna-based crypto broker announced an Ethereum layer-2 designed for European banks and fintechs to issue tokenized assets under MiCA and MiFID II. Update (March 26, 1:45 pm UTC): This article ...
Forbes

Block Lays Off 40% Of Staff And Blames It On AI. Don’t Buy The Excuse.

Payments company Block announced it’s laying off 40% of its staff. According to Chairman and founder Jack Dorsey: “This decision comes from a position of strength. Intelligence tools have changed what ...
Los Angeles Times

Block to cut more than 4,000 jobs amid AI disruption of the workplace

Fintech company Block said Thursday that it’s cutting more than 4,000 workers or nearly half of its workforce as artificial intelligence disrupts the way people work. The Oakland parent company of ...
Business Insider

Jack Dorsey says he's cutting nearly half of his staff — 4,000 jobs — at Block. Read the memo.

Block is letting go of over 4,000 employees, cutting the company nearly in half, cofounder and CEO Jack Dorsey said Thursday. "I had two options: cut gradually over months or years as this shift plays ...
Reuters

Jack Dorsey’s Block to cut nearly half its workforce in AI overhaul, shares surge

Block to cut over 4,000 jobs CEO says AI has changed how a company is run Stock surges 25% after market Analysts call cuts a "seminal moment" in AI era Feb 26 (Reuters) - Block (XYZ.N), opens new tab ...
CNBC

Block shares soar as much as 24% as company slashes workforce by nearly half

Block said Thursday it's laying off more than 4,000 employees, or about half of its head count. Shares of the payment company skyrocketed as much as 24% in extended trading. It was last seen up nearly ...
CNN

Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same

Block, the company behind Square, Cash App and Afterpay, is cutting its staff by 40%. The reason: “intelligence tools,” according to a letter to shareholders by co-founder Jack Dorsey. Dorsey thinks ...
The New York Times

Block Cuts 40% of Its Work Force Because of Its Embrace of A.I.

About 4,000 workers will lose their jobs as the payments company does more work with new artificial intelligence tools, its top executive said. By Natallie Rocha Reporting from San Francisco Block, ...