Jack Dorsey, CEO of Block, takes a hands-on approach to the company after the departure of his deputy, facing challenges such as personnel costs, quarterly losses, and slow growth. Meanwhile, Magic Leap appoints Ross Rosenberg as CEO, while Zulily's CEO Terry Boyle departs amidst financial struggles. Block cuts employees as part of a cost-cutting effort, prioritizing sales strategy and expanding international presence. Dorsey aims to grow the business and fend off competition through strategic product expansion and operational measures.

CEO Shifts and Cost-Cutting at Block