4,000 Jobs Gone — So Why Does The Market Love It?
Block, the parent company of Cash App and Square, announced Thursday it will be laying off more than 4,000 employees — a move that sent the company’s stock up 25% in after-hours trading. For most companies, laying off nearly half the workforce would send stockholders into a panic, tanking the stock within minutes of the ...
Generated by Pulse AI, Glideslope's proprietary engine for interpreting market sentiment and economic signals. For informational purposes only — not financial advice.