Block lays off over a thousand employees from Cash App, Foundational, and Square

Financial services firm Block Inc. has laid off over a thousand employees this week, nearly 10% of its staff, as part of a broader restructuring first outlined by co-founder Jack Dorsey last year.A report from Business Insider indicates that the cuts have already been in place since at least December 7, 2023, with Dorsey hinting at the prospects of making Block "leaner" in terms of... source: https://cryptobriefing.com/block-lays-off-thousand-employees-cash-app-foundational-and-square/?utm_source=cryptopanic&utm_medium=rss