Block Implements Performance-Based Job Reductions Affecting Workforce

Block, the fintech firm led by Jack Dorsey, is conducting performance-based job cuts during evaluation cycles through late February that could affect up to 10% of its workforce — over 1,000 of more than 10,000 employees, Bloomberg reported. The reductions follow March 2025 layoffs of 931 roles and occur as Block advances Cash App integration, Bitcoin mining project Proto, and its AI tool Goose.