Jack Dorsey, co-founder and CEO of Block (formerly Square), is addressing recent layoffs at the financial technology company. The article details Dorsey’s planned communication to employees, which is expected to provide context for the workforce reduction as part of a broader company restructuring. The move follows similar cost-cutting measures across the tech industry and aims to streamline operations. Dorsey’s explanation will likely focus on strategic realignment and long-term goals for Block’s ecosystem, which includes Cash App, Square, and Tidal. Read the full article for a complete account of the upcoming announcement and its implications.