Location: San Francisco, CA.
Based on news reporting.
Block has announced layoffs affecting approximately 200 employees as part of a restructuring effort to adapt to ongoing challenges in the cryptocurrency market. The layoffs are set to take place immediately, with the company citing the need to streamline operations and focus on core business areas. This decision comes as Block faces increased competition and regulatory scrutiny in the evolving digital asset landscape. The affected employees are primarily based in San Francisco, where the company has been adjusting its workforce to align with current market conditions. Block's leadership has expressed commitment to supporting those impacted during this transition.
Block cut 200 jobs as of October 10, 2023.
That is roughly 2.9% of the 7,000 people Block employs.
LayoffTalk has tracked 36 layoff events at Block since June 2023, affecting a combined 18,912 employees.
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