San Francisco, March 26:슬롯 머신 사이트 추천Block, a US-based fintech company owned by Jack Dorsey,슬롯 머신 사이트 추천co-founder of Twitter and CEO of Square, will슬롯 머신 사이트 추천lay off hundreds of employees슬롯 머신 사이트 추천amid operational changes. The Block layoffs will affect around 900 to슬롯 머신 사이트 추천1,000 employees working for the fintech슬롯 머신 사이트 추천company. The슬롯 머신 사이트 추천Block employees were reportedly informed슬롯 머신 사이트 추천about the layoffs via email, highlighting that many roles슬롯 머신 사이트 추천would be슬롯 머신 사이트 추천impacted.

According to a슬롯 머신 사이트 추천슬롯 머신 사이트 추천by슬롯 머신 사이트 추천The Guardian,슬롯 머신 사이트 추천Jack Dorsey's Block슬롯 머신 사이트 추천will lay off 930 employees슬롯 머신 사이트 추천and move 200 managers to non-managerial roles. The report mentioned that the email sent to the슬롯 머신 사이트 추천Block employees by the Twitter co-founder said that슬롯 머신 사이트 추천another 800 open jobs would be closed as well. The email from Jack Dorsey also mentioned that the layoffs were not part of cost-cutting measures.슬롯 머신 사이트 추천NASA Layoffs: Staff Calls Job Cuts Initiated by US Space Agency 슬롯사이트˜Callous슬롯사이트� and 슬롯사이트˜Needless슬롯사이트� Amid Broader Federal Layoffs Coming From President Donald Trump.

In his email, the CEO said that the Block layoffs and other changes were not part of the company's intention to hit a "specific financial target" by replacing people with "AI" or changing the headcount슬롯 머신 사이트 추천cap. However,슬롯 머신 사이트 추천Dorsey said that the슬롯 머신 사이트 추천job cuts were part of슬롯 머신 사이트 추천Block's early reorganisation efforts that started back in 2024, which also슬롯 머신 사이트 추천saw nearly 1,000 people lose their jobs.

Jack Dorsey implemented슬롯 머신 사이트 추천a headcount of a maximum of 12,000 employees with the reorganisation and wrote in the email that the company was raising a bar, acting faster on슬롯 머신 사이트 추천performance, and flattening its슬롯 머신 사이트 추천organisation to move faster with fewer distractions. The슬롯 머신 사이트 추천report슬롯 머신 사이트 추천highlighted that the CEO also announced similar layoffs last year, informing the staff that the company needed to 'build a startup again'.슬롯 머신 사이트 추천Tech Layoffs 2025: 23,382 Employees Laid Off by 89 Companies So Far This Year Due to Various Reasons; Check Details.

Block CEO Jack Dorsey stated,슬롯 머신 사이트 추천"we're behind in our actions, and that's not fair to the individual or the company." He further said the reorganisation슬롯 머신 사이트 추천would help the슬롯 머신 사이트 추천company슬롯 머신 사이트 추천focus and execute슬롯 머신 사이트 추천better. Block stock has seen a 29% decline슬롯 머신 사이트 추천in 2025, affecting revenues and profits. Dorsey said that the reorganisation was also part of his job to increase the value of the stocks. Block CEO Jack Dorsey also said the company would have to move faster and expand access, openness and automation.

(The above story first appeared on LatestLY on Mar 26, 2025 12:16 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).