Block Inc., co-founded by Twitter creator Jack Dorsey, has initiated a major layoff strategy, affecting over a thousand employees across various sectors of the company. What Happened: Block Inc. (NASDAQ:SQ) on Wednesday laid off a significant portion of its workforce. The layoffs predominantly impacted employees in the Cash App, Foundational, and Square sectors, equating to roughly 10% of the company’s workforce, reported Business Insider. The layoffs were reportedly conducted in a single day to boost efficiency at the financial firm. “We decided it would be better to do at once rather than ar…
