Core Viewpoint - Block is reportedly considering layoffs that could impact 10% of its workforce as part of a broader business overhaul aimed at achieving a $12 billion gross profit target for the year [1][4]. Group 1: Layoffs and Business Overhaul - The company has been informing hundreds of employees about potential job eliminations during annual performance reviews, indicating a significant restructuring effort [2]. - As of late November, Block had under 11,000 employees and has been revamping its staffing and business model since 2024, focusing on integrating Cash App with Square and expanding into AI and crypto [3]. - Job cuts have been occurring across various teams during the performance review period, which extends through the latter part of the month [4]. Group 2: Financial Performance and Credit Services - Block's recent earnings performance has been inconsistent, with its stock experiencing a substantial decline over the past year, and the company is set to report earnings on February 26 [4]. - The company has provided over $200 billion in credit to customers through its Cash App Borrow, Afterpay, and Square Loans products, targeting borrowers often excluded from traditional credit systems [5]. - Block emphasizes that with the right technology, inclusive lending and responsible risk management can coexist, forming the basis for sustainable credit for future generations [5]. Group 3: Credit Underwriting System - Block's Chief Risk Officer highlighted the limitations of the current credit underwriting system, which is outdated and struggles to keep pace with modern financial behaviors [6]. - Nearly 100 million Americans are reportedly blocked from affordable credit due to scoring models that rely on outdated data, rather than current financial behavior [7]. - A shift towards near real-time data could enhance understanding of consumer money management and creditworthiness, addressing the gaps in the current system [7].

来源：市场资讯 Jack Dorsey 旗下支付公司 Block Inc. 已开始在年度绩效评估期间通知部分员工其职位可能被取消，这是 公司更广泛重组计划的一部分。据 Bloomberg 援引知情人士消息，此次裁员可能波及高达 10% 的员工 （约 1100 人）。分析师预计，Block 第四季度营收约为 62.5 亿美元，调整后利润约为 4.03 亿美元。 (Cointelegraph) （来源：吴说） ...

Group 1 - The core focus of the article is that Block, the fintech company founded by Jack Dorsey, is contemplating a workforce reduction of up to 10% during its annual performance reviews [1] Group 2 - The decision to potentially cut jobs is based on insights from individuals familiar with the company's internal discussions [1]

Key Takeaways HRB reported Q2 FY26 loss of $1.84 per share, beating estimates on 11.1% revenue growth.HRB shares fell 7.1% after results & weak FY26 guidance.HRB saw a rise in U.S. tax preparation, Wave and international revenues of 13.8%, 12.1% & 9.1%, respectively.H&R Block Inc.'s (HRB) second-quarter fiscal 2026 earnings and revenues beat the Zacks Consensus Estimate. The stock has declined 7.1% since the release of results on Feb. 3, reflecting its loss and weak earnings guidance for fiscal 2026.HRB gui ...

Key insights: Block has opened a new office in Dublin, part of the company's increasing attention to the region. What's at stake: Rivals including Stripe, PayPal and Adyen have also expanded merchant payments technology in recent months. Forward look: Block plans to showcase product development in a "cafe" that will be open to developers and businesses. With regulatory policy that has loosened Apple's grip on digital payments, technology firms are boosting investment in Europe, including Block. The ...

ARK Invest CEO Cathie Wood is one of the pioneering investors when it comes to crypto assets. She was one of the first names I encountered upon discovering Bitcoin (BTC) and other virtual assets. After all, ARK Invest was the first public asset manager to gain Bitcoin exposure in 2015, she claimed. It wasn't even worth $500 a coin then, and now it's worth nearly $78,000—still a steep surge despite the recent crash. From her embrace of Bitcoin amid sharp scrutiny to acquiring crypto-linked U.S. equities ...

Cathie Wood’s Ark Invest revealed on Monday that it stepped deeper into crypto-linked stock despite a broad slump in both cryptocurrency prices and exchange stocks. The firm added roughly $24.8 million worth of positions despite the previous week being marked by falling volumes, declining liquidity, and renewed risk aversion across digital asset markets. Trade disclosures released Monday show that Ark purchased shares of several crypto-exposed companies, including Robinhood, Circle, Block Inc., BitMine ...

Core Insights - 7 Leaves Cafe is implementing Square's commerce tools across its 44 US locations to enhance operational efficiency and customer experience [1][3] - The integration includes Square Register for in-store operations, Square Handheld devices for drive-through orders, and Square Loyalty for customer retention [1][2] - The partnership aims to streamline operations and improve service consistency across different ordering formats [2][3] Company Operations - 7 Leaves Cafe will connect its operations to Sage Intacct for accounting and financial management, and utilize the 7shifts platform for employee scheduling and payroll [2] - The company has expanded from a local shop in Westminster, California, to a brand serving millions of drinks annually, with locations in California, Texas, Nevada, and Georgia [3][4] Product Offering - The menu features Vietnamese-influenced coffees, a variety of milk teas, herbal and fruit tea options, and desserts like French macarons [4]

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Dive Brief: Digital payment provider Block announced the opening of an office in Dublin, Ireland, intended to expand the company's European footprint. In addition to workspaces, the new location will include a product demo lab where Block can show off its products to potential customers, a Thursday news release on the company's website said. "We're here to dr ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...