Jack Dorsey's Block makes second round of job cuts this year
Source: Business Insider ·
Block said in an email to staff that it's "reducing the number of roles, changing some responsibilities, and shifting some reporting lines."
From the source
Jack Dorsey cited AI as a factor in Block's February layoffs.Eva Marie Uzcategui/Bloomberg via Getty ImagesBlock is cutting jobs for the second time this year, days after reporting better-than-expected earnings.The cuts affected employees in its Cash App businesses, Business Insider has learned.Earlier this year, Block laid off more than 40% of employees, and cited AI as one of the reasons.Block is cutting jobs for the second time this year.The fintech company, led by Jack Dorsey, informed some employees on Wednesday that their roles are being eliminated, according to an email seen by Business Insider.Two people familiar with the matter said the cuts affected Cash App, Block's consumer financial services app. Some employees at Square, its seller-services business, wrote on social media that they had been let go. The total number of employees affected could not immediately be learned.The email to staff said that Customer Ops, Risk Ops, and Learning & Content Operations teams would be…
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