Block Inc., co-founded by Twitter creator Jack Dorsey, has made a significant move to streamline its operations, resulting in the layoff of over 1,000 staff members, which is approximately 10% of its total workforce. This move, impacting departments like Cash App, Foundational, and Square, was part of Block's strategy for leaner operations. The decision reflects a broader trend among major U.S. companies to cut costs and optimize resources amid changing market conditions. Former employees took to LinkedIn to share their experiences and reactions to the news.
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