Block Inc. is planning to cut up to 10% of its workforce as part of a broader restructuring aimed at unifying Cash App, Square, Bitcoin-related activities, and AI initiatives.

This restructuring follows a 2024 corporate reorganization intended to streamline reporting lines and create a leaner, more efficient business amid ongoing financial scrutiny.

As of late November, Block employed under 11,000 people, reflecting continued consolidation since 2024 to boost efficiency and alignment across its businesses.

Investors responded positively, with Block’s shares rising about 5% on the session, even as the stock has faced a year-to-date and 2025 declines ahead of its February 26 earnings release.

Regulatory scrutiny and market risk remain tied to Block’s crypto-adjacent ventures, though analysts see potential long-term cash flows from a combined payments-and-wallet ecosystem and stablecoins.

Block joined the S&P 500 in mid-2023/July and current consensus among Wall Street suggests a strong buy with a target around $85.62, implying substantial upside.

Analysts view Block as undervalued versus targets, with shares trading roughly a third below consensus and near-term sentiment pressured by recent momentum.

Block’s recent results show a mixed picture: Q3 profit missed estimates amid economic uncertainty; Square growth slowed to about 9% that quarter.

Block’s core model includes Bitcoin purchases through its platforms, a segment under pressure from market conditions and competition.

Square remains a cornerstone, delivering payments solutions to small and medium businesses, though growth has cooled.

Block is set to report fourth-quarter results on February 26, with expectations of roughly $403 million in adjusted earnings on about $6.25 billion in revenue.

The company laid out a longer-term goal of near $12 billion in gross profit in 2026 and mid-teens growth through 2028, as discussed at an investor day.