Block Inc., led by Jack Dorsey, is reportedly considering cutting its workforce by up to 10%, potentially impacting hundreds of employees across its Cash App, Square, and bitcoin-related ventures like Bitkey and Spiral. This move is part of a broader business overhaul, despite the company capping employee numbers at 12,000 in 2023. Block’s stock performance has lagged the S&P 500, declining 14% this year and 23% in 2025. The company is set to release fourth-quarter earnings on February 26, with adjusted earnings per share projected at 68 cents. Block has not commented on the potential layoffs.
Block (XYZ) weighs cutting up to 10% of jobs: Bloomberg
