CryptoBullishBitcoin Magazine · Feb 266/106
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Block (XYZ) Surges 25% After Slashing Workforce by Over 40% and Raising Profit Outlook
Block (XYZ) shares surged 25% in after-hours trading following the company's announcement of cutting over 4,000 employees, representing more than 40% of its workforce. The significant layoffs were accompanied by an improved profit outlook, driving positive investor sentiment.
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