Jack Dorsey’s Block Cuts Jobs to Achieve Cap of 12,000 Staffers
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Block Inc. began cutting jobs as part of the firm’s goal to cap its workforce at 12,000 employees.
Block, run by Jack Dorsey, announced the cap when it reported third-quarter earnings in November, and took steps to achieve the goal on Tuesday, according to the company. Block, which offers the Cash App and Square payments services, said the goal of 12,000 staffers will be achieved by the end of the year.