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(Reuters) - Jack Dorsey-led Block Inc plans to cut 112 jobs on March 30, the fintech said in a legally mandated notice, as part of its previously disclosed plans to trim headcount and reduce costs, sending shares up over 3% in early trade on Thursday.
The notice was issued under the Worker Adjustment and Retraining Notification (WARN) Act which requires employers to provide a 60-day notice before layoffs, according to the Department of Labor & Workforce Development website.
There have been job...
>>> Read more: Block to cut 112 jobs in March as economic uncertainty bites
The notice was issued under the Worker Adjustment and Retraining Notification (WARN) Act which requires employers to provide a 60-day notice before layoffs, according to the Department of Labor & Workforce Development website.
There have been job...
>>> Read more: Block to cut 112 jobs in March as economic uncertainty bites
