Location: San Francisco, California, USA.
Based on news reporting.
Block has recently laid off approximately 2,000 employees as part of its strategy to enhance profitability through AI-driven initiatives. This decision reflects a broader trend among tech firms aiming to streamline operations and reduce costs. The layoffs are part of a restructuring plan that Block has implemented to adapt to changing market conditions. The company is focusing on leveraging technology to improve efficiency and drive future growth. This move is indicative of the ongoing adjustments within the tech industry as companies respond to economic pressures.
Block cut 2,000 jobs as of October 1, 2023.
That is roughly 28.6% of the 7,000 people Block employs.
LayoffTalk has tracked 36 layoff events at Block since June 2023, affecting a combined 18,912 employees.
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Company cut 2,000 jobs on October 1, 2023. Were you affected, or do you know people who were? How was it handled — severance, notice, which teams? You can post anonymously below.
Block cut 2,000 jobs on October 1, 2023. If you were part of this round, what was your experience? Others going through it are reading. You can post anonymously below.
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