Block slashed 40% of its workforce for AI — and its earnings suggest that’s paying off

Block Inc. reported earnings that exceeded analyst expectations following workforce reductions it implemented to reallocate resources toward artificial intelligence development. An unnamed Block executive stated in the earnings report that the company is "shipping higher-quality products much, much more quickly." Block did not disclose the specific percentage or number of employees affected in the provided statement. The company's financial results were released on [specific date needed for complete accuracy].

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