<ul><li>Jack Dorsey-led payments firm Block announced on Thursday that it will significantly slow down its pace of hiring in 2023 to control costs.</li><li>The company plans to grow its headcount by only 10% this year, a sharp slowdown from the 46% growth it achieved in 2022.</li><li>Despite the slowdown in hiring, Block's gross profit jumped over 40% YoY in Q4, leading to an 8% jump in its shares in extended trading.</li></ul>

Jack Dorsey-led Block allays slowdown worries after mixed quarterly results

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