Block Inc Plans 10% Workforce Reduction as Bitcoin Hyper Layer 2 Raises Over $31.3M

Jack Dorsey's Block Inc. is preparing to cut about 10% of its workforce to limit total headcount to 12,000 employees, focusing on efficiency and agility rather than pure expansion. In parallel, the Bitcoin Hyper Layer 2 project, which integrates the Solana Virtual Machine with Bitcoin to address latency and fee constraints, has attracted more than $31.3M through its HYPER token presale. The token is priced at $0.0136753 during the sale, and the project promotes immediate staking with a 7-day vesting period for participants.