Layoff announcements are imminent! $SQD
Block Inc. is cutting up to 10% of its workforce. Hundreds have been notified. This massive restructuring is happening just before their earnings call. Analysts expect strong revenues, but they are watching profit margins closely. They are integrating the Cash and Square apps more cohesively. Bitcoin revenues are down compared to last year. Square has launched a new bitcoin payment feature for merchants. This is a critical turning point for the company. The market is watching closely.
Disclaimer: This is not financial advice.
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$SQD
SQD
Alpha
0.044181
-1.52%