Jack Dorsey's Block Weighs 10% Workforce Cuts Amid Broader Restructuring: Report - Block (NYSE:XYZ)

Block Layoffs: Jack Dorsey-Led Fintech Firm To Cut 10% of Global Workforce in Major Efficiency Drive | 📲 LatestLY

Block Inc. is reportedly cutting 10 per cent of its workforce, marking its third layoff round in two years. Led by Jack Dorsey, the fintech firm aims to streamline operations and cap headcount. The move affects multiple divisions and aligns with ongoing performance reviews to improve overall efficiency and financial margins. 📲 Block Layoffs: Jack Dorsey-Led Fintech Firm To Cut 10% of Global Workforce in Major Efficiency Drive.

Block to chop up to 10% of employees

The company is reducing its workforce to trim overhead costs and stay below a 12,000 employee cap, analysts said.

Block layoffs: Jack Dorsey's fintech company plans to cut 10% of staff

Block Inc, the fintech giant led by Twitter co-founder Jack Dorsey, is reportedly preparing to lay off hundreds of staff as part of a sweeping effort to streamline operations and regain investor confidence amid uneven performance and rising cost pressures.

Jack Dorsey's Block Weighs 10% Workforce Cuts Amid Broader Restructuring: Report - Block (NYSE:XYZ)

Jack Dorsey‘s Block Inc. (NYSE:XYZ) is reportedly telling its employees about potential job cuts during its annual performance review amid broader restructuring. The fintech company is targeting 10% of its workforce for potential layoffs, reported Bloomberg on Saturday. As per the 10-K filing, Block had nearly 11,372 employees globally. The company is aiming to integrate its CashApp payment vehicle with its merchant platform Square. At the same …

Block Inc. Announces 10% Workforce Reduction in Efficiency Drive

Block Inc. plans to reduce its workforce by 10%, affecting 1,150 roles amid an efficiency push led by Jack Dorsey.

Block plans another round of layoffs

Block, Jack Dorsey's payments company, also laid off employees early in 2025 and 2024 following a self-imposed employee cap of 12,000 in November 2023.