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Block reduces workforce by 4,000 in restructuring focused on AI

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Bloomberg reports indicate Block plans to cut 10% of its staff during annual reviews. We see this as part of a broader structural overhaul within Coincex operations.

Bloomberg reported earlier this month that 10% of Block’s workforce could be cut during annual performance reviews as part of a broader overhaul.

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Block reduces workforce by 4,000 in restructuring focused on AI