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Block Offers Hefty Retention Packages After Layoffs
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5.1
Block offered surviving employees sizeable retention packages after last week's layoffs, including roughly 75% pay increases and $60,000–$80,000 bonuses, according to a former data scientist Naoko Takeda and internal messages reviewed by Business Insider. Takeda said she quit in protest, calling the offers dehumanizing, while CEO Jack Dorsey cited AI-driven efficiencies as a rationale. The moves raise morale and talent-retention concerns for remaining teams.
Scoring Rationale
Moderate news value with direct HR implications, limited by single-company reporting and lack of official confirmation.
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