Feb 27, 2026
Flagging Block’s >4,000 person layoff, which is huge on a relative basis (over 40%). Whether it’s truly AI related, or a convenient excuse to get rid of bloat…
… I’ll be watching to see if it’s a one-off, or the first domino to fall (would free up cash for buybacks). With the stock up over 20% after hours, I’d bet it’s not the last big cut we see in tech.
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