<ul><li>American fintech firm, Block, is letting go of over 900 employees, approximately 8% of its workforce.</li><li>The layoffs are not due to financial issues or a move to replace employees with AI, but rather to increase focus on performance and quick action.</li><li>The job cuts include strategic layoffs, performance-based layoffs, and flattening the company's hierarchy.</li><li>Block is closing 748 open roles and seeking feedback from employees to improve the firm.</li></ul>

Why is Block trimming its 11,300-strong workforce by 8%?

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