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Fintech BlockTechCrunch
•Business
Business & Economics
61% Informative
Fintech Block laid off 931 people today , according to a leaked email from CEO Jack Dorsey .
The news was announced to staff in an email from the company's co-founder and CEO.
Dorsey denies that the layoffs are for financial reasons or to replace workers with AI .
Block last underwent major layoffs in January 2024 when it cut around 1,000 roles.
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