Block Plans to Cut 10% of Workforce in Efficiency Push
- Block, led by Bitcoin advocate Jack Dorsey, plans to cut up to 10% of its workforce.
- The company has over 10,000 employees; potential cuts could affect more than 1,000 staff by late February.
- A previous round of layoffs in March 2025 saw the elimination of 931 jobs, reducing the workforce by about 8%.
- Block holds approximately 8,800 BTC, valued at around $625 million.
- The company is focused on integrating Cash App with Square and advancing projects like its Bitcoin mining operation and AI tool Goose.
Block is implementing performance-based job cuts affecting up to 10% of its workforce as part of a restructuring effort. The fintech firm aims to enhance focus and accountability while continuing its integration and development projects involving Bitcoin and AI tools.
Source (3.2)https://cryptobriefing.com/jack-dorsey-block-workforce-reduction/?rand=59535
