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Block says it is laying off more than 4,000 of its 10,000+ employees; XYZ jumps 23%+ in extended trading (Annie Palmer/CNBC) from Techmeme RSS feed.

Block says it is laying off more than 4,000 of its 10,000+ employees; XYZ jumps 23%+ in extended trading (Annie Palmer/CNBC)

Annie Palmer / CNBC:
Block says it is laying off more than 4,000 of its 10,000+ employees; XYZ jumps 23%+ in extended trading  —  Block said Thursday it's laying off more than 4,000 employees, or about half of its headcount.  The stock skyrocketed more than 24% in extended trading.