Jack Dorsey’s Block lays off staff across Cash App, Square and foundational teams
The cuts are to be actioned with immediate effect, according to a staff memo from Dorsey.
The cuts are to be actioned with immediate effect, according to a staff memo from Dorsey.
Cash App had been pursuing a VASP licence in the country since 2021.
The deal is thought to complement Block’s 2021 acquisition of Jay Z’s music streaming service Tidal.
The move is part of Block’s plans to reduce brand spending.
Klarna and Block discussed how the UK can set the tone for BNPL regulation at IFGS 2023.
Afterpay says customers will not have access to their Money accounts from 10 October 2022.