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Fortune

Kali Hays

Exclusive: Jack Dorsey’s Block plans more layoffs just days after cuts at Tidal

Jack Dorsey Block Tidal Square CashApp Fortune

A bearded Jack Dorsey at a conference in 2021. (Credit: Eva Marie Uzcategui/Bloomberg via Getty Images)

Block chief Jack Dorsey isn't done with layoffs.

His company, which operates payments service Square, money transfer app CashApp, and music streaming platform Tidal, plans its second round of successive layoffs into December, two employees familiar with the plans told Fortune. The date of the cuts is currently set for next week, as well as the week of December 3, one of the people said, although dates could change should plans shift. The people asked to be kept anonymous as they aren't authorized to speak about company matters.

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Top stories on inkl right now

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Germany’s former spy chief arrested over alleged treason: 2,000 classified documents at centre of probe

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