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Why Block is slashing jobs while doubling down on Bitcoin
short by / on Tuesday, 10 February, 2026
Block Inc announced new Bitcoin features for Cash App, including zero-fee purchases over $2,000 and higher withdrawal limits. The move aims to make Bitcoin a usable currency rather than just an investment. This expansion comes as Block prepares to cut up to 10% of its workforce to boost profitability. Former PayPal exec David Marcus praised the updates as "amazing".
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