Jack Dorsey’s Block Is Cutting Jobs Again. Here’s What Makes These Layoffs Different

Jack Dorsey’s Block is cutting jobs again. Here’s what makes these layoffs different

Jack Dorsey’s fintech company, Block, began a second round of layoffs on Wednesday, months after cutting more than 4,000 jobs in February. The company has not said how many employees are affected at this time.  The cuts hit the Customer Ops, Risk Ops, and Learning & Content Operations teams supporting Cash App, Block’s consumer financial services app, and Square, its tool for sellers. According to Business Insider, those teams will be “reducing …

Jack Dorsey's Block makes second round of job cuts this year

Block said in an email to staff that it's "reducing the number of roles, changing some responsibilities, and shifting some reporting lines."

Block offers laid-off US employees up to 90 days of pay

Fintech company Block is offering laid-off employees in the US at least 60 days of pay, additional severance based on tenure and a one-time $5,000 transition payment as part of its latest workforce reduction exercise. According to an internal FAQ document reviewed by _Business Insider,_ affected employees are eligible for at least seven weeks of [...]