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www.forbes.com
Block Fired 40% of its People. Wall St. Cheered. It's Just the Start.
Jack Dorsey was wearing a hat that said "LOVE" when he fired nearly half his company.
During the all-hands videoconference where he explained the decision to cut more than 4,000 employees - roughly 40% of Block's global workforce - dozens of thumbs-down emoji cascaded down the screen.