"Today we shared a difficult decision with our team," Jack Dorsey, Block's co-founder and CEO, wrote in a letter to shareholders. "We're reducing Block by nearly half, from over 10,000 people to just under 6,000, which means that over 4,000 people are being asked to leave or entering into consultation."

Block, Inc. XYZ stock surged Friday after the fintech giant paired a blowout fourth quarter with a sweeping workforce reduction, prompting a wave of bullish analyst reactions. Deep staff cuts and accelerating Cash App momentum are set to turbocharge margins and reshape the company's earnings power — and Wall Street is taking notice.

Block (XYZ) shares surge 31% after announcing 4,000 job cuts and reporting Q4 gross profit of $2.87B, up 24% YoY. Details on the AI-driven restructuring.

Q4 2025 earnings call: layoffs, AI pivot, Cash App & Square growth, raised 2026 guidance, buybacks & risks—read key takeaways now.

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 annual performance reviews. The company had fewer than ...

Block (XYZ) stock rallies as Morgan Stanley upgrades to Buy at $93 and Bank of America lifts target to $86 after announcing 40% staff reduction and AI pivot.