Based on news reporting.
Block, the company co-founded by Jack Dorsey, is implementing a significant reduction in its workforce, cutting 10% of its staff. This marks the third round of layoffs for the company since the beginning of 2024. The decision reflects ongoing challenges within the organization and aims to streamline operations. While the exact number of employees affected has not been disclosed, the layoffs are part of a broader trend affecting the tech industry. The company has faced scrutiny and pressure to improve its financial performance, leading to these workforce adjustments.
LayoffTalk has tracked 36 layoff events at Block since June 2023, affecting a combined 18,912 employees.
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