Business

Jack Dorsey’s payment company Block cuts workforce by 50%

Block, the payments company that operates Square, Cash App, and Tidal, announced Thursday it is cutting over 4,000 jobs, roughly half of its workforce, while its stock surged up to 24 per cent in after-hours trading. “Today we shared a difficult decision with our team,” Jack Dorsey, Block’s co-founder and CEO, wrote in a letter […]