Dorsey Acts on Promise of Layoffs: Block’s Workforce Reduced by 10%

Dorsey Acts on Promise of Layoffs: Block’s Workforce Reduced by 10%

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Block Inc. payments company is laying off 10% of its workforce. Jack Dorsey, the CEO of Block and former CEO of Twitter, confirmed most of the layoffs would come from the CashApp, Square, and Foundational businesses. The layoffs follow earlier directives for teams to focus on “stronger…

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