Block Stock Pops as Jack Dorsey's Bitcoin, Payments Company Dumps 4,000 Jobs

Jack Dorsey’s Block Inc said it will cut more than 4,000 jobs, over 40% of its workforce, as part of a broad restructuring unveiled alongside its fourth-quarter and full-year 2025 earnings. Shares of the New York Stock Exchange-listed payments company jumped more than 23% in after-hours trading, Yahoo Finance data shows. The scale of the layoffs places Block among the companies carrying out the largest workforce reductions in the fintech sector so far this year, as payments and financial technology firms g ...