Block begins layoffs under a previously disclosed plan to cut staff by up to 10%, by imposing an "absolute cap" of a 12,000 headcount, which was 13,000 in Q3'23 (Sam Kessler/CoinDesk)

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Sam Kessler / CoinDesk:
Block begins layoffs under a previously disclosed plan to cut staff by up to 10%, by imposing an “absolute cap” of a 12,000 headcount, which was 13,000 in Q3'23  —  The company plans to drastically reduce its headcount throughout 2024 through a series of layoffs and reorganizing measures.

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