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Block stock jumps after plan to cut 40% of staff. What its AI warning means for markets

Shares of payment services company Block jumped 19% in premarket trading Friday after rising nearly 25% on Thursday afternoon. The moves came after after it said it was cutting 4,000 workers, or 40% ...
Barron's

Block Stock Jumps After Plan to Cut 40% of Staff . What Its AI Warning Means for Markets.

Shares of payment services company Block jumped 19% in premarket trading Friday. The move came after the company said it was cutting 4,000 workers, or 40% of its workforce, and raised its 2026 ...