Block Inc., led by Jack Dorsey, is set to cut up to 10% of its staff in a business overhaul, marking the third significant round of layoffs in two years. The company is restructuring to integrate Cash App with Square and invest in new ventures like bitcoin mining. Despite an ambitious financial framework projecting growth through 2028, earnings performance has been uneven, with shares falling after Q3 earnings missed estimates. The layoffs come amid a wave of corporate job cuts, with U.S. employers announcing the highest January total since 2009. Investors await Block’s Q4 earnings report on Feb. 26 for insight into margin expansion.

Read more at Yahoo Finance: Jack Dorsey’s Block looking to cut up to 10% of workforce in latest efficiency push: Bloomberg