Block weighs cutting up to 10% of jobs: Bloomberg

Block Inc. (XYZ), the payments company run by Jack Dorsey, may reduce its workforce by as much as 10%, Bloomberg reported, citing people familiar with the matter. Hundreds of employees at the bitcoin (BTC)-supporting owner of Cash App and Square have been told their jobs are at risk, Bloomberg said. The reviews are part of a broader overhaul of the Oakland, California-based company's business, it said. In addition to the payment apps, which allow individuals and businesses to transact in bitcoin, Block ...