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Block becomes the latest fintech to lay off workers

Block, whose subsidiaries include Cash App and Square, is laying off employees, according to an internal memo.

Jack Dorsey'S Fintech Firm Block Lays Off Nearly 1,000 Employees

Jack Dorsey's Fintech Firm Block To Lay off 10% Employees Amid Financial Challenges

Jack Dorsey's fintech firm Block lays off nearly 1,000 employees

Jack Dorsey's financial services company Block is laying off close to 1,000 employees, which will affect staff in the Cash App, Afterpay and Square subsidiaries of the company.About 1,000 people -- or 10 per cent of Block's headcount -- were ...

Jack Dorsey: Jack Dorsey's fintech firm Block lays off nearly 1,000 employees

Jack Dorsey's financial services company Block is laying off close to 1,000 employees, which will affect staff in the Cash App, Afterpay and Square subsidiaries of the company. In an earnings call last year, Block had said it would reduce its headcount from 13,000 in Q3 2023 to an "absolute cap" of 12,000 by the end of this year. Revenues from Cash App, the peer-to-peer payments service, have declined significantly.

Block Layoffs 2024: Jack Dorsey's Financial Services Company Block Lays Off About 1,000 Employees, Decision Will Also Affect Staff in Cash App, Afterpay and Square Subsidiaries

Meanwhile, its buy now, pay later (BNPL) service Afterpay, which Block acquired in 2021 for $29 billion, has posted serious losses. Square also faces competition on multiple fronts, including from Fiserv’s Clover, Toast and Stripe. �� Block Layoffs 2024: Jack Dorsey’s Financial Services Company Block Lays Off About 1,000 Employees, Decision Will Also Affect Staff in Cash App, Afterpay and Square Subsidiaries.

Block Inc. Faces Workforce Reduction: A Human-Centric Overview

Block Inc., the brainchild of Twitter founder Jack Dorsey, is undergoing a significant downsizing, impacting subsidiaries such as Cash App and Square.

Is It Too Late to Buy Toast Stock? | The Motley Fool

Toast's innovative strategies are heating up the market. Is it still a good time to invest in this exciting growth stock?

Is It Too Late to Buy Toast Stock?

Toast's innovative strategies are heating up the market. Is it still a good time to invest in this exciting growth stock?

Square's new AI features include a website and restaurant menu generator

Square, the financial services platform, is embracing generative AI in a very visible way. After announcing earlier this year that it would bring AI features to drive retail sales, Square this morning took the wraps off of new ten -- count 'em, ten -- generative AI capabilities focused on customer content creation, onboarding and setup.