Dorsey’s Block cutting up to 10% of staff, Bloomberg News reports
Feb 7 (Reuters) - Jack Dorsey's fintech Block XYZ.N is considering cutting up to 10% of its workforce during annual performance reviews, Bloomberg News reported on Saturday citing people familiar with the matter. Reuters could not immediately verify the report. (Reporting by Anusha Shah in Bengaluru; Editing by Andrea Ricci) ((AnushaDevang.Shah@thomsonreuters.com;))
Recent news on Block
See all newsAI coding agent startup Factory triples valuation to $5 billion in latest funding round
StoneX turns bullish on Block, sees upside from AI-driven restructuring
The Bancorp set for worst day since 2020 as partner Chime set to buy Stride Bank
The Bancorp slides as partner Chime set to buy Stride Bank
Brief: Square And Opentable Deepen Strategic Partnership For Unified Dining, Guest And Payment Insights