Block to cut up to 1,100 jobs as Jack Dorsey pushes for leaner, meaner operation
Jack Dorsey's fintech firm, Block Inc., is reportedly planning significant layoffs, potentially impacting up to 10% of its workforce. This move is part of a broader strategy to merge its Cash App and Square services, while also investing in Bitcoin and AI ventures. The company aims for greater efficiency amid financial performance scrutiny and a competitive market.
Jack Dorsey's fintech firm, Block Inc., is reportedly planning significant layoffs, potentially impacting up to 10% of its workforce. This move is part of a broader strategy to merge its Cash App and Square services, while also investing in Bitcoin and AI ventures. The company aims for greater efficiency amid financial performance scrutiny and a competitive market.
