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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% ...
CNBC's MacKenzie Sigalos reports on Block’s sweeping workforce reduction, a roughly 40% cut that CEO Jack Dorsey is explicitly linking to AI, and why investors are rewarding the move even as the ...
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