Overview
- Bloomberg reports that Block may reduce headcount by as much as 10% as managers complete year-end reviews, with roles under scrutiny across teams.
- Hundreds of employees have been told their jobs could be at risk, with final determinations expected by late February.
- Based on a workforce just under 11,000 in late 2025, the potential cuts would total roughly 1,000 positions.
- The effort continues a multi-year restructuring that tightens links between Cash App and Square while investing in Bitcoin units such as Bitkey and Proto, plus an internal AI tool called Goose.
- Block eliminated about 1,000 roles in January 2024 and 931 in March 2025; the company has not commented, and investors look to the Feb. 26 earnings report, with forecasts calling for $403 million in adjusted profit, for more detail.