Report: Block Aims to Reduce Workforce to 12,000 This Year

Block is reportedly cutting jobs as part of its previously announced effort to limit the size of its workforce to 12,000 employees.The company announced that goal in November during an earnings call, saying it aimed to boost earnings by reducing costs, and it started cutting jobs on Tuesday (Jan. 30), Bloomberg reported Tuesday.Block did not immediately reply to PYMNTS’ request for comment.The company did not specify how many jobs will be affected, according to the report. It said it will reduce its workfor ...