Block to Cut 112 More Jobs Amid Tech Industry Slowdown
- Block Inc to cut 112 jobs on March 30 as part of previously disclosed cost-cutting plans
- Comes amid tech industry job cuts due to high interest rates and shaky economy
- Block began cutting jobs in January, plans to reduce headcount to 12,000 by end of 2024
- Currently employs just over 13,000 people
- Block to report Q4 earnings on Thursday after facing short-seller criticism last year over user numbers and costs