Technology

59427 readers

4106 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

Jack Dorsey's Block lays off 'large number' of staffers, adding to wave of tech industry cuts (www.businessinsider.com)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

13 comments fedilink hide all child comments

Jack Dorsey's Block lays off 'large number' of staffers, adding to wave of tech industry cuts::Dorsey told staff in a Tuesday memo that a "large number" of Block employees, including those at Cash App and Square, were being laid off.

you are viewing a single comment's thread
view the rest of the comments

[–] autotldr@lemmings.world 3 points 9 months ago

This is the best summary I could come up with:

The cofounder and CEO who previously ran Twitter told Block staff on Tuesday that the financial-tech company was letting go of "a large number of our teammates," according to a note viewed by Business Insider.

This is Block's second layoff in two months, with the company in December laying off 40 people working on the music-streaming app Tidal.

Dorsey did say that the layoffs focused on Block workers at Cash App, Foundational, and Square.

While Block's staff was told to expect cuts, along with drastic changes to how performance would be evaluated going forward, in previous notes, Dorsey made it seem as though the process would occur over several months.

"We decided it would be better to do at once rather than arbitrarily space them out, which didn't seem fair to the individuals or to the company," Dorsey said in his Tuesday note.

Google and Amazon made significant cuts to head count, while Meta is slimming down in a more roundabout way by eliminating certain job titles and telling affected workers they can reapply.

The original article contains 411 words, the summary contains 174 words. Saved 58%. I'm a bot and I'm open source!