New Delhi, March 26 -- Jack Dorsey, co-founder and former CEO of Block, has announced that the company will be cutting 931 jobs, reported Times of India.

This marks the company's second substantial workforce reduction in just over a year. The reorganisation will affect employees across its widely used platforms, including Square, CashApp, and Tidal.

According to the publication, Dorsey delivered the news in an internal email to staff on Tuesday, stressing that the redundancies are not financially motivated, nor are they intended to replace human workers with artificial intelligence. Instead, he stated that the cuts are part of a strategic effort to streamline operations, improve performance, and reduce managerial layers.

According to t...