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Story summary
- Block, Inc., the parent company of Square and Cash App, faced internal turmoil after significant layoffs in February 2026.
- Employees report a deteriorating culture marked by performance anxiety and mandatory use of generative AI tools.
- Layoffs affect up to 10% of the workforce, leaving many employees uncertain about their jobs.
- Jack Dorsey of Block, Inc. states the layoffs were performance-related, while employees dispute this characterization.
