Crypto
Block announces more than 4,000 job cuts, shares surge 24 percent
Payment platform Block will cut more than 4,000 employees, CNBC reported on Feb. 26. Chief Executive Jack Dorsey (잭 도시) said in a letter to shareholders that the company made a difficult decision and would reduce total headcount from 10,000 to below 6,000. Chief Financial Officer Amrita Ahuja said the move is intended to automate work and shift to smaller AI-enabled teams. Block posted fourth-quarter adjusted earnings per share of 65 cents and revenue of $6.25 billion, matching estimates.
