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Block says it is laying off more than 4,000 of its 10,000 employees; XYZ jumps 19% in extended trading (Annie Palmer/CNBC)
https://www.cnbc.com/2026/02/26/block-laying-off-about-4000-employees-nearly-half-of-its-workforce.html

Block shares soar 24% as company slashes workforce by nearly half
Block said Thursday it's laying off more than 4,000 employees, or about half of its headcount.