Block's stock surges 24% as Wall Street rewards massive job cuts at the parent company of Square and the Cash App Jack Dorsey thinks other companies will follow Block with dramatic workforce cuts.

Block Inc (NYSE:XYZ) is preparing to cut as much as 10% of its global workforce—around 1,100 roles—as part of a broader effort to rein in costs and streamline operations, according to a report from ...

The Details: Block reported quarterly earnings of 65 cents per share, in line with the Street estimate, according to data from Benzinga Pro. Quarterly revenue came in at $6.25 billion which missed the ...

In a move signaling ongoing efforts to refine its operations, Block Inc. (NYSE: XYZ), the fintech founded by tech billionaire Jack Dorsey, is reportedly preparing to trim its workforce by as much as ...