Jack Dorsey’s Block is reportedly considering a reduction of up to 10% of its workforce during annual performance reviews, according to a report by Bloomberg News. This move aligns with a broader industry trend, where tech companies are increasingly using performance reviews as a mechanism to adjust their workforce and streamline operations in response to market competitiveness. Additionally, Block’s strategy shift toward blockchain and payment innovations has spurred internal evaluations to ensure team structures are consistent with their long-term objectives.
Jack Dorsey’s Block may cut workforce by 10% per Bloomberg
