A company cuts its workforce by 4,000 and the stock jumps 25%

As of December 31, 2025, filings show that Block had a total of 10,205 employees, which will now be cut down to less than 6,000 after the layoffs.

As of December 31, 2025, filings show that Block had a total of 10,205 employees, which will now be cut down to less than 6,000 after the layoffs.

Motilal Oswal expects Laurus Labs to end financial year 2026 with a Profit After Tax (PAT) of ₹850 crore and reach ₹1,150 crore by financial year 2028, implying a Compounded Annual Growth Rate (CAGR) of 16% by this period.

Market breadth on Wall Street was on the positive side on Thursday, as despite a 0.5% fall on the S&P 500, more than 350 of its constituents ended with gains.

Netflix shares surged in extended trading after it abandoned the deal with Warner Bros. Discovery, but the latter’s shares are trading with losses.

Bino Pathiparampil, Head of Research at Elara Securities believes the broader pharma space is entering a more favourable phase as pricing concerns and regulatory worries ease while currency movements provide an additional boost.

Brokerage firm Emkay Global said that generative AI is still some distance away from being enterprise-ready at scale and is unlikely to have universal applicability across use cases in the near term.

Shares of Zaggle Prepaid Ocean Services Ltd ended at ₹232.95, up by ₹15.35, or 7.05%, on the BSE.

According to a Moneycontrol report, Vellayan Subbiah will give up his exposure linked to Cholamandalam Investment and Finance, while consolidating his position in both Tube Investments of India and CG Power.

Shares of Tata Steel Ltd ended at ₹215.50, up by ₹0.85, or 0.40%, on the BSE.

Shares of NBCC (India) Ltd ended at ₹94.04, down by ₹0.53, or 0.56%, on the BSE.