Block Rehires Staff After February Layoffs

Payment company Block, which owns Square, Cash App, and Afterpay, has quietly rehired some employees after laying off approximately 4,000 people at the end of February. According to ChainCatcher, several employees have reported on LinkedIn that they received invitations to return to work due to reasons such as 'clerical errors' and a shortage of personnel in critical infrastructure. CEO Jack Dorsey previously acknowledged that the decision to lay off staff might have been a mistake, citing the rapid development of AI technology as a factor in the restructuring of the 6,000-member team. Some of the laid-off employees believe the layoffs were more about boosting investor confidence rather than solely due to AI replacement considerations. Currently, Block's website lists only 27 job vacancies, all of which are in management or sales roles.