Market Chatter: Block Launches Second Round of Job Cuts This Year

MT Newswires Live11-06

Block (XYZ) is eliminating additional jobs across its Cash App and Square businesses in its second round of workforce reductions this year, Business Insider reported Thursday, citing an email and two people familiar with the matter.

The email to staff said Customer Ops, Risk Ops, and Learning & Content Operations teams would be affected through job reductions, changes in responsibilities and reporting-line adjustments, Business Insider said.

The number of employees affected was not immediately known, the report said.

Block did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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