Your email has been successfully added to our mailing list.

×
0 0 0 0 0 -0.0100166944908181 -0.0275459098497496 -0.0275459098497496
Stock impact report

Jack Dorsey's mea culpa on Block layoffs: 'We overhired' [Business Insider]

Fiverr International Ltd. Ordinary Shares, no par value (FVRR) 
Last fiverr international ltd. ordinary shares, no par value earnings: 2/19 07:00 am Check Earnings Report
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in Jack Dorsey said Block overhired during COVID after building two company structures. Block slashed nearly half its workforce in a single sweeping round of layoffs on Thursday. Dorsey said AI and smaller teams are driving a 'new way of working.' Jack Dorsey is taking responsibility for a key mistake behind Block's sweeping job cuts. "Yes we over-hired during COVID," the Block cofounder and CEO wrote Friday on X, responding to criticism that the company's recent layoffs reflected managerial incompetence. The admission comes a day after Dorsey announced he was slashing nearly half of Block's workforce — reducing head count from more than 10,000 employees to just under 6,000 in one of the most dramatic single-round layoffs in recent tech history. In his latest X post, Dorsey said the overhiring stemmed in part from a structural misstep. He Show less Read more
Impact Snapshot
Event Time:
FVRR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for FVRR alerts
Opt-in for
FVRR alerts

from News Quantified
Opt-in for
FVRR alerts

from News Quantified