Square to open New York office to house 350 employees

Square to open New York office to house 350 employees

Payments startup Square is opening an office in New York's SoHo as it prepares to add more than 300 employees in the city.

The San-Francisco-headquartered mPOS pioneer has inked a 10 year lease on a 44,000 square feet space at 375 W Broadway and plans to move in this Summer.

Square already has a small presence in New York thanks to the 2012 acquisition of design agency 80/20. However, the new office will enable it to increase its staff in the city from a couple of dozen to 350.

Demetrios Marantis, head, international government, regulatory, and policy work, Square, says: "We are inspired by the innovation in New York State and thrilled to be near the world's leading financial center and part of its ever-growing tech industry."

Jack Dorsey's firm employs 800 people and recently moved into a new 150,000-square-foot corporate headquarters in San Francisco and also has offices in Atlanta, Kitchener-Waterloo, and Tokyo.

News of the expansion comes days after reports surfaced that Square held talks with Google about a possible sale amid growing losses and a shrinking cash pile.

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