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Jack Dorsey just halved the size of Block's employee base — and he says your company is next [Yahoo! Finance]
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Twitter's transparency and accountability, on Capitol Hill, September 5, 2018 in Washington, DC. Earlier in the day, Dorsey faced questions from the Senate Intelligence Committee about how foreign operatives use their platforms in attempts to influence and manipulate public opinion. (Photo by Drew Angerer/Getty Images) | Image Credits:Drew Angerer / Getty Images Jack Dorsey has long been an open admirer of Elon Musk. Now, it seems, he may have been taking notes. On Thursday, Dorsey announced that Block, the payments company he founded that operates Square, Cash App, and Tidal, is cutting more than 4,000 employees, nearly half its global workforce, taking it from over 10,000 workers down to just under 6,000. Investors responded enthusiastically, sending the stock up more than 24% in after-hours trading. It isn't the first time a major tech company has done something of the sort. In November 2022, Musk slashed roughly 50% of Twitter's staff in a single stroke after taking the comp
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