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Block, Inc. Plans Job Cuts Amid Major Restructuring

2/8/2026

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Summary

Story summary

Block, Inc. is informing hundreds of employees that their jobs may be cut during performance reviews, potentially affecting up to 10% of the workforce.
Block, led by Jack Dorsey, restructured in 2024 to integrate Cash App and Square while expanding into Bitcoin mining and artificial intelligence.
Block plans to report its fourth-quarter earnings on February 26, with analysts predicting $403 million in adjusted earnings on $6.25 billion in revenue.

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Story summary

Block, Inc. is informing hundreds of employees that their jobs may be cut during performance reviews, potentially affecting up to 10% of the workforce.
Block, led by Jack Dorsey, restructured in 2024 to integrate Cash App and Square while expanding into Bitcoin mining and artificial intelligence.
Block plans to report its fourth-quarter earnings on February 26, with analysts predicting $403 million in adjusted earnings on $6.25 billion in revenue.