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Jack Dorsey’s fintech company Block is the latest to turn to job cuts. As a result, the recently announced Block layoffs are expected to affect around 931 current employees. Block’s downsizing plans were revealed in an email from the CEO to the workers, where he reassured the recipients that the intention behind the layoffs was not to reach “a specific financial target, replacing folks with AI, or changing our headc
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unt cap.” Instead, the company intends to raise the bar on its goals and performance and see better results in its business later down the line. This is Block’s second round