Sunday, 30 March, 2025

Block Inc. Lays Off 931 Employees in Organizational Restructuring

Block Inc., the fintech company behind Square and Cash App, announced layoffs affecting 931 employees, approximately 8% of its workforce. CEO Jack Dorsey cited the need for strategic realignment, improved performance, and a flatter organizational structure as reasons for the cuts. The layoffs impact various roles, including software engineers, HR, product, legal, and marketing. Dorsey emphasized that these actions are not financially driven nor aimed at replacing staff with AI. ​