Block Inc. Plans to Reduce Workforce by 10% for Efficiency: Report

Block Inc. is reportedly aiming to reduce its workforce by up to 10% as part of an efficiency initiative ahead of its upcoming earnings report.

Block Inc., the company co-founded by Jack Dorsey, is reportedly considering a workforce reduction of as much as 10% in a bid to enhance operational efficiency. This announcement comes not long after the organization let go of 931 employees in March 2025, underscoring ongoing challenges in the tech sector.

The anticipated layoffs are positioned ahead of Block’s Q4 earnings report set for February 26. As the company navigates a shifting economic landscape, these moves reflect a broader trend among tech firms aiming to streamline their operations and cut costs.