Big Changes Are Coming for Block. Should You Buy the Stock Before the Shake-Up?
BLOCK(SQ) The Motley Fool·2024-08-03 22:00
CEO Jack Dorsey said the company's latest move could feel "disruptive or uncomfortable" for employees.Block (SQ 0.80%) is in the midst of a shake-up, including a hiring freeze and a business reset. In this latest move, co-founder and CEO Jack Dorsey told employees he plans to restructure Block, warning them that it could feel disruptive.The move is one of many as Dorsey looks to get Block back on a good growth trajectory after years of ballooning expenses. With the stock 79% below its all-time high price of ...