PANews February 8 News, according to Cointelegraph, due to Bitcoin payment company Block founded by Jack Dorsey undergoing a broader restructuring, the company has begun notifying hundreds of employees that their positions may be cut during the annual performance review, with the layoffs reportedly reaching approximately 10%.
Block has initiated a restructuring plan in 2024 aimed at improving efficiency and adjusting its product lines. The company is working to integrate its peer-to-peer payment platform Cash App more closely with its merchant services division Square. It is reported that Block plans to release its quarterly earnings report on February 26.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
MicroStrategy Expands Bitcoin Holdings to $50 Billion Despite Market Woes
MicroStrategy, now known as Strategy (NASDAQ: MSTR), expanded its Bitcoin holdings last week amid continued market challenges. The company purchased 2,486 Bitcoin, bringing its holdings to over 717,000 coins. This purchase, valued at nearly $50 billion, reflects Strategy’s unwavering commitment to B
CryptoBreaking16m ago
Nakamoto Eyes $107M All-Stock Buy: BTC Inc, UTXO
Nakamoto, the Bitcoin (CRYPTO: BTC) treasury company formerly known as KindlyMD, has signed definitive agreements to acquire BTC Inc and UTXO Management GP, advancing its plan to build a Bitcoin-native operating company. The move consolidates media, events and capital allocation under a single
CryptoBreaking26m ago
Bitcoin’s 4-Year Cycle Analysis – Why Analysts Are Eyeing a $50,000 Bottom in 2026
The crypto market has long been characterized by a repeating cycle of price fluctuations, commonly referred to as the four-year cycle of price fluctuations. Recently, leading market analyst Ash Crypto helped fuel debate on social media concerning a potential market bottom for Bitcoin at $50,000 as
BlockChainReporter27m ago
Global Power Realignment Fuels Debate Over Bitcoin’s Role
_As dollar dominance is questioned, Arch sees Bitcoin aligned with a multipolar monetary shift._
World leaders are beginning to question the financial system that has existed for the past eighty years. Prominent investor Ray Dalio said the post-war world order has broken down. And this
LiveBTCNews40m ago
