Block job cuts: What's the real story behind the numbers?

So, the reports are out - over 4,000 people gone from Block. Nearly half the company. The press release is really leaning into 'optimizing for the future' and how 'new tools' are making teams leaner. But let's be real, that's a huge chunk of people to shed overnight. It makes me wonder if there's more to it than just 'efficiency'. Was there a major project that fell through? Is the market really that tough for fintech right now? Or is this just a strategic pivot that’s being couched in vague terms? It's tough to see so many colleagues impacted, and the lack of transparency about the *why* behind such a drastic move is frustrating. Anyone have any inside information or a different perspective on what's really going on behind the scenes at Block?