Update (Feb.27, 1:25 Am UTC): This article has been updated to include more information on Block’s job cuts and earnings results. Jack Dorsey’s payments company Block will cut roughly 40% of its staff ...
Block, Inc. earns a Buy rating after a strong Q4, driven by aggressive AI-enabled headcount cuts and robust guidance. Q4 results featured $0.65 non-GAAP EPS, $6.25B revenue, and a 17% annual gross ...
Thu, March 12, 2026 at 11:18 AM UTC Jack Dorsey just cut Block (NYSE:XYZ) nearly in half. And he thinks you're next. On February 26, 2026, Dorsey announced Block would reduce its workforce from over ...
In a shareholder letter, Dorsey said he expects other companies to follow suit soon and reduce headcount in the wake of AI advancements. Update (Feb.27, 1:25 Am UTC): This article has been updated to ...
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