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Published on 31 Oct 2024 on Benzinga

Block CEO Jack Dorsey Announces Another Round Of Layoffs At Tidal - Block...

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Jack Dorsey, the CEO of Block Inc. SQ, has announced a fresh wave of layoffs at the music streaming service Tidal, which Block owns.

What Happened: Dorsey informed Tidal employees on Wednesday that the company will undergo another significant round of layoffs, reported Fortune. The CEO stated that Tidal needs to function “like a startup again,” necessitating a much smaller team across the organization.

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