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# Block: Can Management Execute On A Good Plan? (Archive)
- URL: https://www.huntingalphas.com/block-can-management-execute-on-a-good-plan-archive/
- Published: 2024-01-08T07:48:00.000Z
- Updated: 2026-02-27T06:13:47.000Z
- Description: Waiting for proof of execution before buying into Block’s ambitious workforce reset.
- Author: Vish (Hunting Alphas)
- Tags: 5-Minute Pitches, #noindex, Archive, #sa-origin, XYZ, Financials

*This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.*

## Elevator Pitch

- Block's transaction revenues have seen a sharp decline, attributed to a fall in gross payment volumes, which is geared toward consumer activity in the retail sector.
- The macros indicate mixed signals for top-line growth acceleration recovery in gross payment volumes, with Consumer Sentiment rebounding well but Retail Sales data underwhelming expectations.
- Block has a good plan to lay off 1000 employees and improve workforce efficiency. My calculations reveal that this can right-size their employee productivity metrics vs. peers and boost margins meaningfully.
- However can Dorsey's decentralized, non-hands-on leadership style engender the required employee productivity changes? I believe some proof of execution is required to gain confidence on this catalyst.
- Given that context, Block's 22% premium 1-yr fwd P/E valuations vs. its peers leave little margin of safety.

Read the full article [here](https://seekingalpha.com/article/4661625-block-stock-can-management-execute-on-good-plan?ref=huntingalphas.com).

#### Disclosures and Disclaimers

**Past performance ≠ future results. Not investment advice. See* [**full Disclaimer*](https://www.huntingalphas.com/disclaimer/)**.*