Based on news reporting.
Block, the company co-founded by Jack Dorsey, has laid off half of its workforce as part of a significant restructuring effort. This decision reflects the company's ongoing challenges in the current economic climate. The layoffs are part of a broader strategy to streamline operations and focus on core business areas. While specific numbers of employees affected were not disclosed, the impact is substantial given the scale of the cuts. This move comes as Block aims to adapt to changing market conditions and improve its financial performance.
Block cut 260 jobs as of October 1, 2023.
That is roughly 3.7% of the 7,000 people Block employs.
LayoffTalk has tracked 36 layoff events at Block since June 2023, affecting a combined 18,912 employees.
Anonymous by default. Be kind — people reading this may be going through it right now.
No comments yet. Be the first to share your thoughts.
Share your story anonymously — it helps others reading this feel less alone.
Share your story →Recent tracked events at this company.