Block Finalizes Layoffs of 931 Employees in Restructuring Effort

CEO Jack Dorsey frames the cuts as strategic, aiming to streamline operations and enhance performance across the fintech company.

Block has completed the layoff of 931 employees, representing 8% of its workforce, and closed 748 job openings as part of its latest restructuring initiative.
The layoffs were categorized into three areas: 391 roles eliminated for strategic reasons, 460 for underperformance, and 80 managers cut to flatten the organizational hierarchy.
An additional 193 managers were reassigned to individual contributor roles to reduce layers of management and improve agility.
CEO Jack Dorsey emphasized that the layoffs were not financially driven or aimed at replacing workers with AI, but were necessary to align with strategic priorities and improve execution.
Block’s stock has declined by 29-32% in 2025, reflecting challenges in maintaining shareholder confidence and addressing market pressures.