Odaily News Block, the blockchain and payments company owned by Twitter (now known as Blocks companies include Square Inc., Cash App and Tidal, as well as its Bitcoin-focused unit TBD. Block said during last years earnings call that it would reduce headcount to an absolute cap of 12,000 by the end of this year from 13,000 in the third quarter of 2023. Business Insider obtained a memo to Block employees last November. In the memo, Dorsey explained these plans: “Our company’s growth far exceeds business and revenue growth.” (CoinDesk)