Gate News reports that on March 19, payment company Block has rehired some employees after laying off 4,000 staff at the end of February. Several employees posted on LinkedIn saying they received return-to-work invitations. One design engineer stated that their layoff was due to a “clerical error” and has accepted the rehire offer; a technical lead said he spent two days convincing management that more staff were needed to continue critical infrastructure work for clients, allowing some laid-off colleagues to return; a creative strategy head said they received a rehire invitation about a week after being laid off, but the reason was not specified. Block CEO Jack Dorsey acknowledged during the layoffs that the decision might have been a mistake and retained flexibility to correct it, while also noting that the development of AI tools has forced the company to reorganize.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Nomura Securities survey: Eight in ten institutional investors plan to allocate 2% to 5% of AUM to crypto assets
A 2026 digital asset institutional investor survey by Nomura Securities (Nomura) and its crypto subsidiary, Laser Digital, shows that nearly four-fifths of surveyed institutional investors plan to allocate 2% to 5% of their total assets under management (AUM) to the crypto market. Most institutions say they plan to do so within the next year rather than investing immediately.
MarketWhisper04-17 03:05
Nomura Survey: 80% of Institutional Investors Willing to Allocate 2-5% to Cryptocurrencies
A Nomura survey reveals 80% of institutional investors aim to invest 2-5% in cryptocurrencies, favoring yield strategies like staking and lending. Regulatory clarity and risk management are key to boosting institutional interest in digital assets.
GateNews04-16 19:11
Stablecoin Market Hits $322B ATH, Q1 2026 Trading Volume Reaches $8.3 Trillion
The stablecoin market experienced significant growth, surging $2.25 billion to reach $322 billion, despite a broader crypto market contraction. USDC saw a substantial supply increase, while USDT maintained its market share. Yield-bearing stablecoins contributed notably to this growth, with transaction activity hitting an all-time high.
GateNews04-16 19:02
Ethereum Foundation Announces ETH Rangers Project Results: Over $5.8M in Recovered or Frozen Assets
The Ethereum Foundation's ETH Rangers project has successfully completed, funding 17 researchers to enhance public security in the ecosystem. Achievements include recovering $5.8M in assets, identifying over 785 vulnerabilities, and developing several security tools.
GateNews04-16 14:32
Top Crypto VCs See Significant AUM Declines Amid 2025 Market Downturn
During the 2025 crypto market downturn, major venture capital firms saw significant AUM declines, but Haun Ventures grew by 30%. Paradigm and a16z are raising over $4.2 billion for new funds, highlighting varied performances among firms.
GateNews04-16 11:01
