Fintech company Block announced in its shareholder letter a workforce reduction of approximately 4,000 employees, while disclosing a full-year gross profit of $10.36 billion for 2025, representing a 17% year-over-year increase. Moreover, the gross profit growth rate more than doubled from the first quarter to the fourth quarter. The Chief Financial Officer of Block stated that our actions (workforce reduction) are based on a position of strength, “We believe this approach will enable us to serve our customers more quickly.”