Block: A 40% Layoff Is Not Bullish (Even With AI) (Rating Downgrade)

February 27, 2026 01:48:23 pm

Source: SeekingAlpha

2026-02-27 13:48:23 ET

Thesis Summary

Block, Inc. (XYZ) just delivered a "good" quarter , and the stock is up over 15% following news of a historic 40% headcount reduction ....

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Block

-15.58% G/L:

$54.02 Last:

100 Volume:

$54.02 Open:

Market Cap $34,503,218,700

Float 604,895,662

Insiders Ownership N/A

Institutions 218

Short Percent N/A

Industry Diversified Financial Services

Sector Finance

Country US

City Oakland