TechFlow News, March 19: According to a Cointelegraph report, payment company Block—owner of Square, Cash App, and Afterpay—has quietly rehired some employees this month following its late-February layoff of approximately 4,000 staff. Several former employees reported on LinkedIn receiving return-to-work invitations, citing reasons such as “administrative errors” and insufficient staffing for critical infrastructure. CEO Jack Dorsey previously acknowledged that the layoff decision may have been flawed and stated that the rapid advancement of AI technologies prompted the company to restructure its workforce of around 6,000. Some laid-off employees believe the layoffs were primarily aimed at boosting investor confidence rather than being driven solely by AI-driven automation considerations. As of now, Block’s official website lists only 27 open positions—all in management or sales roles.
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