Jack Dorsey’s Block Inc. Begins Layoffs Under Previously Disclosed Plan to Cut Staff by 10%

Block, whose companies include Square Inc., Cash App and Tidal, as well as the bitcoin-focused division TBD, said in an earnings call last year that it would reduce its headcount from 13,000 in the third quarter of 2023 to an “absolute cap” of 12,000 by the end of this year.