A specific layoff date has not been disclosed.
Based on news reporting.
Block, the company co-founded by Jack Dorsey, has announced plans to lay off 40% of its workforce as part of a strategic shift towards artificial intelligence. This significant reduction reflects the company's efforts to adapt to changing market demands and streamline operations. While specific details regarding the number of employees affected and the timeline for these layoffs have not been disclosed, the move indicates a major restructuring within the organization. The decision underscores the broader trend in the tech industry as companies pivot towards AI technologies.
LayoffTalk has tracked 36 layoff events at Block since June 2023, affecting a combined 18,912 employees.
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Estimated figure based on news reporting. Not yet confirmed by Block.
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