Fintech Block laid off 931 people, roughly 8% of the company’s staff, on Tuesday, according to a leaked message from the company seen by TechCrunch. The news was announced to staff in an email from Block’s co-founder and CEO, Jack Dorsey. Dorsey told staff that on Tuesday, Block will be “making some org changes, including eliminating roles and beginning the consultation process in countries where required.” These are the latest changes to hit Block, Dorsey’s financial services giant that owns Cash App and Square. The company provides mobile payments services for consumers, as well as point-of-sale hardware and software for businesses. In the email, Dorsey explained that Block is cutting roles across three broad buckets. The first he lists is 391 people being cut for “strategy” reasons. Read more on Block's layoffs at the link in the bio 👆 Article by Charles Rollet and Maxwell Zeff Image Credits: MARCO BELLO / AFP / Getty Images #TechCrunch #technews #fintech #layoffs #exclusive