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

Shares of the payment company skyrocketed as much as 24% in extended trading. It was last seen up nearly 18% in Friday's ...

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

By Manya Saini and Arasu Kannagi Basil Feb 26 (Reuters) - Block on Thursday said it will cut over 4,000 jobs, nearly half its ...
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Block workforce reduction seen as key to hitting long-term profitability goals

Block Inc (NYSE:XYZ) is reportedly considering a workforce reduction of up to 10%, according to a Bloomberg report that said “hundreds” of employees have been informed their roles may be cut during ...
Yahoo Finance

Block shares surge on workforce reduction, in-line fourth quarter earnings

Block Inc (NYSE:SQ) shares rose 17% in early trade on Friday after the company reported fourth quarter earnings in line with analyst expectations and announced a major workforce reduction. The company ...

Block: Transition To AI-Native Business Model A Major Catalyst

Block delivered a strong Q4 '25, beating top-line expectations and driving shares up 24% after announcing a 40% workforce ...