Although Blocks announced plans to cut its workforce from over 10,000 to below 6,000 employees, its stock price still rose over 5%, closing at $54.53. CEO Jack Dorsey stated that the layoffs aim to create a faster, more "intelligent" company that leverages AI tools to improve the efficiency of small teams. He highlighted the company's financial strength, with Q4 gross profit increasing 24% year-over-year to $2.87 billion, and predicted that most companies will undergo similar structural adjustments within a year.

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