Block to chop up to 10% of employees

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Dive Brief: With a new round of job cuts, digital payments provider Block is reducing overhead costs and keeping its headcount under a 12,000-employee cap the company adopted in 2023, according to analysts. The reductions amount to up to 10% of Block's workforce, or roughly between 1,100 to 1,150 employees, Baird analyst David Koning estimated in a note to inves ...