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

Leave a Comment / By Market Social / February 27, 2026

Block said Thursday it’s laying off more than 4,000 employees, or about half of its headcount.

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Anthropic CEO Amodei says Pentagon’s threats ‘do not change our position’ on AI

Block plans to lay off nearly half its staff in ‘deliberate and bold’ embrace of AI

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