SAN FRANCISCO (KRON) — Block, the fintech company founded by former Twitter CEO, is laying off 8 percent of its staff, according to a report in TechCrunch. The layoffs will impact 931 people ...

Block is the latest major tech company to conduct large-sale layoffs. The company is reportedly letting go around 1,000 workers, with Cash App, Foundational and Square bearing the brunt of the impact.

ST. LOUIS — Block Inc. (NYSE: XYZ), the financial services business formerly known as Square, is laying off nearly two dozen people who work remotely for the business in Missouri.