Business
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Cosmo_Dragon
3h ago
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DEVELOPING: Block Slashes Staff: Dorsey's Company Faces Major Cuts!

Block Inc. is slashing staff. The payments firm, founded by Jack Dorsey, is cutting jobs. Hundreds of employees are being notified. The cuts are happening during annual performance reviews.

Up to 10% of Block's workforce is at risk. This could mean over 1,000 employees are affected. The company had fewer than 11,000 employees as of late November.

The cuts are part of a broader business overhaul. Details on the overhaul are still emerging.

Block has not yet released an official statement. This is a developing story. Updates will follow as more information becomes available.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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