#78 on the board

Square

CompanyConcerning31/100low confidence · 3 issues

3 opposed1 mixed1 supported

Receipts

Against

Flagged on

📉Layoffs×1 🌈DEI×1 👷Worker Treatment×1

Payment processing (now Block).

IndustryFintechFounded2009Headcount12,000+squareup.com

Key stats

Total Layoffs

1,000

Last: Jan 2024

The receipts (5)

Opposed🌈DEIJan 2024

Jack Dorsey historically supported BLM. But company scaled back DEI initiatives in 2024. Regression on prior commitments.

Company Website✓ VerifiedShare ↗

Supported🌈DEIJan 2024

Block maintains DEI programs. Jack Dorsey promoted inclusive culture.

Company Website✓ VerifiedShare ↗

Opposed📉LayoffsJan 2023

Laid off 1,000+ employees (10%) in 2023. Jack Dorsey blamed "macro environment." Cash App and Tidal cut.

Company Website✓ VerifiedShare ↗

Mixed👷Worker TreatmentJan 2023

Block 10% cuts. Jack Dorsey taking responsibility. Cash App and Tidal restructuring.

Company Website✓ VerifiedShare ↗

Opposed👷Worker TreatmentJan 2023

Block (Square) laid off 1,000 employees in 2023.

News✓ VerifiedShare ↗

The numbers (1)

📉LayoffsJan 2024

1,000 employees laid off

Block (Square) cut approximately 1,000 jobs in January 2024 as part of CEO Jack Dorsey's headcount cap of 12,000. Affected Square, Cash App, and corporate teams.

1,000 affected(10% of workforce)

Source:News✓ Verified