"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."
https://www.reuters.com/business/finance/block-cut-112-jobs-march-economic-uncertainty-bites-2024-02-22/