Block Inc (NYSE:XYZ) is considering a workforce reduction of up to 10%, affecting hundreds of employees, to meet long-term profitability goals. The reduction could save $500-600 million in operating expenses, helping achieve a 50% incremental margin target by fiscal 2028. Analysts caution that cost cuts may already be factored into guidance. They maintain a ‘Buy’ rating and $75 price target on Block.

Read more at Yahoo Finance: Block workforce reduction seen as key to hitting long-term profitability goals