Block said the restructuring will cost up to $500 million and be largely completed by mid-2026, as investors embraced the move.
Block Stock Pops as Jack Dorsey's Bitcoin, Payments Company Dumps 4,000 Jobs
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Block, the Jack Dorsey-founded Bitcoin and payments company, cuts about 4,000 jobs; says restructuring will cost up to $500 million and be largely completed by mid-2026, company said.
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