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Jack Dorsey's Block lays off 'large number' of staffers, adding to wave of tech industry cuts
Dorsey told staff in a Tuesday memo that a "large number" of Block employees, including those at Cash App and Square, were being laid off.
The cofounder and CEO, who previously ran Twitter, told Block staff on Tuesday that the financial tech company was letting go of "a large number of our teammates," according to a note viewed by Business Insider. Although Block staff was told to expect cuts, along with drastic changes to how performance would be evaluated going forward, in previous notes Dorsey made it seem as though the process would occur over a period of several months. Google and Amazon made significant cuts to head count, while Meta is slimming down more roundaboutly by eliminating certain job titles and telling affected workers they can reapply.
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