Block AI job cuts start to pay off: Taking a look at Q1 highlights
BLOCK(US:SQ) CNBC Television·2026-05-08 20:41Welcome back. Jack Dorsey's block making some headlines earlier this year when it announced it would lay off 40% of its workforce as it leaned into AI. Now, the company's latest report giving us some insight into that transition.Our Mackenzie Sagalos has that story. Morning, Mac. >> Hey, good morning, Carl.So, Block Shar is getting a nice lift this morning, up almost 7% now after what you could call CEO Jack Dorsey's vindication print. This was Block's first major test since Dorsey cut nearly half the compa ...