Nearly half layoffs, stock price up 23%
【Plain Language Summary】On February 26, 2026, Block released an impressive Q4 financial report, with the stock price soaring over 23% after hours, and market capitalization skyrocketing by approximately $2.4 billion.
On the same day, they issued review notices to 4,000 employees, accounting for up to 40%. Jack Dorsey publicly stated: AI intelligent tools enable fewer people to accomplish more and better work. The internal “Goose” AI ecosystem has already taken over 60% of customer service and many engineering tasks, with 6,000 remaining employees transit
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