Block shares soar as company slashes workforce by nearly half

March 1, 2026 admin

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CNBC TelevisionSun, March 1, 2026 4:43pmURL:
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Block said Thursday it’s laying off more than 4,000 employees, or about half of its head count. CEO Jack Dorsey says the job cuts are directly related to the advancement in AI.

CNBC’s MacKenzie Sigalos has the details.

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