Latest News and Articles about Layoffs

Jack Dorsey’s Block Cuts Nearly 1,000 Jobs to Boost Agility and Performance

29 March 2025 Daily Feed Block, Financial Technology, Jack Dorsey, Layoffs

Jack Dorsey’s Block Slashes Nearly 1,000 Jobs in Major Reorganization Jack Dorsey’s financial technology company, Block, is making significant changes in the financial technology sector with its latest round of layoffs. The company plans to cut nearly 1,000 jobs, as detailed in an email titled “smaller block.” This move marks Block’s second major reorganization within […]

Foundry Refunds 8.18 BTC Overpayment Amid 60% Layoffs

31 December 2024 Daily Feed Bitcoin Mining, Foundry USA, Layoffs, Transaction Fee

Bitcoin Miner Foundry Returns Excess 8.18 BTC Fee After Transaction Error Bitcoin mining giant Foundry USA Pool recently refunded an accidental overpayment of a transaction fee amounting to 8.18 BTC, valued at approximately $777,000. This incident, alongside significant layoffs at Foundry, highlights the complexities and economic pressures within the crypto mining industry. 8.18 BTC fee […]