Block, the Jack Dorsey-led financial tech company, is laying off 931 workers, according to a memo reported by Techcrunch.
The layoffs will affect 240 remote workers in California, according to a state filing viewed by the Chronicle. Affected workers include business analysts, data engineers, designers, lawyers and software engineers.
Block shed its San Francisco headquarters designation but has its biggest office in Oakland. It is cutting 391 workers for “strategy” reasons and 460 for “performance,” according to the memo by Dorsey. Another 80 managers are being laid off, while 193 managers are becoming individual contributors…