Block Plans To Replace Nearly Half Its Workforce with AI — Stock Rallies

Block Inc. (NYSE:XYZ) shares rallied in Thursday's extended trading after the company released its fourth-quarter earnings report and announcing massive headcount reductions. Here's a look at the details from the report   XYZ stock is moving. Watch the price action here.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 consensus estimate of $6.28 billion. Blo ...