‘Pretty much donezo’: Afterpay’s global ambition feared in job cuts

Nick BonyhadyTechnology writer

Jan 31, 2024 – 5.52pm

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Afterpay’s parent Block started cutting more than 1000 jobs globally on Wednesday, kicking off a round of job cuts targeting workers from Australia to San Francisco.

Block bought buy now, pay later provider Afterpay, which was founded in 2014 in Sydney, for a headline figure of $39 billion in 2021 in a deal struck at the peak of the technology boom.

Nick Bonyhady is a technology writer for the Australian Financial Review, based in Sydney. He is a former technology editor, industrial relations and politics reporter at the Sydney Morning Herald and Age.