FinanceUS

Block Layoffs

March 2025

Block announced a layoff affecting 931 employees (8% of its workforce) in March 2025. The company operates in the Finance sector.

People Affected

931

Percentage

Announced Date

Mar 25, 2025

About

Fintech giant Block, the parent company of Cash App and Square, laid off 931 employees on Tuesday, March 25, 2025, representing approximately 8% of its workforce. In an email to staff, CEO Jack Dorsey explained the cuts were driven by shifting strategic needs and performance management, not financial pressures or AI replacement. The layoffs were categorized into three groups: 391 roles eliminated for strategic reasons, 460 for performance-related issues, and 80 managers to flatten the company's hierarchy. Additionally, Block is closing 748 open positions. This marks the second major round of layoffs for the company since January 2024.