Analyst boosts price target for Dorsey’s company after 40% staff cuts

Firing 40% of Block's workforce, over 4,000 people, due to AI integration wasn't a sign of trouble, but a strategic move that immediately boosted the stock by 10% and led analysts to raise price targets. This suggests that massive layoffs are now seen as a *positive* for shareholder value, not a failure. Is this the new reality of corporate success?
This summary was generated by AI