Block Cuts 10% of Staff in Latest Layoff Round
SOURCENews reportView the filing ↗
What we know
Based on news reporting.
Summary
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 37 layoff events at Block since June 2023, including 464 jobs documented in official WARN filings, with 26 additional events known from news reporting.
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