Block, led by Jack Dorsey, begins a second round of job cuts in 2026, after a previous round earlier in the year. Multiple outlets report that the latest layoffs start in the same year as a February reduction of more than 4,000 roles, but the company has not publicly provided the number of employees affected.
The cuts target operations teams that support Block’s consumer finance service Cash App and Square’s seller tools. Fast Company and Business Insider describe the changes as involving fewer roles, altered responsibilities, and shifts in reporting lines, rather than a detailed restructuring plan being released to the public. Fast Company also reports that affected employees are expected to receive a separation package and transition support similar to what was offered during the February layoffs.
Alongside the layoff news, Fast Company notes Block’s recent quarterly results and guidance for gross profit, and it points to Dorsey’s earlier explanation that automation and “intelligence tools,” including AI, drove the February cuts. The outlets differ mainly in how much background and company context they include, rather than on the core fact that another round of layoffs is underway.
