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Why Is Block Slashing 40% of Its Workforce Amid Strong 2025 Growth?
8:38am on Friday 27th of February, 2026 AEDT
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Technology
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Why Is Block Slashing 40% of Its Workforce Amid Strong 2025 Growth?
8:38am on Friday 27th of February, 2026 AEDT
Key Points
Over 40% workforce reduction announced to align with AI-driven operating model
2025 gross profit grew 17%, with Q4 up 24% year-over-year
Cash App consumer lending origination volume surged 69% in Q4
Square gross payment volume grew 10% in Q4, with international markets leading
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