Block Initiates New Layoff Round, Up to 10% of Staff Affected by Efficiency Drive

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Block Plans Fresh Layoffs of Up to 10% Amid Deepening Efficiency Drive

Block has been building Goose, an in-house AI productivity product, as part of its broader technology roadmap.

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Storyboard•10-02-2026, 16:06

Block Plans Fresh Layoffs of Up to 10% Amid Deepening Efficiency Drive

•Block Inc., led by Jack Dorsey, is preparing to cut up to 10% of its workforce, impacting multiple teams.
•This marks the company's third major round of job cuts in roughly two years, following reductions in March 2025 and January 2024.
•The fintech firm is reshaping its business, integrating Cash App with Square, and reallocating investments.
•Block is focusing on bitcoin-related ventures and developing internal AI tools like Goose.
•The layoffs come as Block aims for mid-teens annual gross profit growth through 2028, despite mixed recent financial performance.

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