A Square employee arrives for work on Monday July 19, 2021, on the first day the company officially moved into its new ÃÛÑ¿´«Ã½ office in the former Post-Dispatch building at Cole Street and Tucker Boulevard.
ST. LOUIS — The financial services firm Block Inc., formerly known as Square Inc., will lay off 23 Missouri workers. These cuts come months after the company let go of 67 workers throughout the state.
According to a notice filed with the state Wednesday, the 23 affected positions include 19 remote customer support specialists and four remote support management roles. The layoffs will take effect on Oct. 13. Employees were notified Tuesday.
In March, it was that Block had plans to reduce its workforce staff by 8% or over 900 people.
The company disclosed in November 2023 that, in a bid for efficiency, it planned to cap its total workforce at 12,000 — roughly 1,000 fewer people than it employed at the time. According to regulatory filings, the company met this goal in 2024 and plans to continue to operate under the 12,000 worker cap.
As of Dec. 31, 2024, Block reported having 11,372 full-time employees worldwide.
Block, the parent company of Square and mobile payment service Cash App, did not immediately return requests for comment or questions about how many employees it has in the ÃÛÑ¿´«Ã½ area.
Block CEO Jack Dorsey founded the company along with fellow ÃÛÑ¿´«Ã½ native Jim McKelvey.
In 2022, Block announced plans to cut down its footprint at its ÃÛÑ¿´«Ã½ office, the former Post-Dispatch building, at 900 North Tucker Boulevard, as part of an expansion into hybrid work. The company signed a 15-year lease for eight floors in 2019.
The summer before his freshman year of high school, Nolan Zink took a more intensive course and created the demo for what is now Second Coat.
A Square employee arrives for work on Monday July 19, 2021, on the first day the company officially moved into its new ÃÛÑ¿´«Ã½ office in the former Post-Dispatch building at Cole Street and Tucker Boulevard.
