{"id":21562,"date":"2026-02-09T05:34:11","date_gmt":"2026-02-09T05:34:11","guid":{"rendered":"https:\/\/bitunikey.com\/news\/jack-dorseys-block-plans-to-cut-up-to-10-of-staff\/"},"modified":"2026-02-09T05:34:23","modified_gmt":"2026-02-09T05:34:23","slug":"jack-dorseys-block-plans-to-cut-up-to-10-of-staff","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/jack-dorseys-block-plans-to-cut-up-to-10-of-staff\/","title":{"rendered":"Jack Dorsey\u2019s Block plans to cut up to 10% of staff"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Jack Dorsey\u2019s financial technology company Block Inc. is preparing to cut up to 10% of its workforce as part of a broader effort to streamline operations and improve efficiency, Bloomberg reported, citing people familiar with the matter.<\/p>\n<div id=\"cn-block-summary-block_2bf8384c0a3694fd2ce370d1f54b642f\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Block plans to cut up to 10% of its workforce as part of an efficiency drive, Bloomberg reported.<\/li>\n<li>The move could impact around 1,000 employees following internal performance reviews.<\/li>\n<li>Cost controls come ahead of Block\u2019s upcoming earnings report amid slowing growth.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">Block puts workforce cuts under review<\/h2>\n<p>The potential reductions could <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-02-07\/dorsey-s-block-cutting-up-to-10-of-staff-in-efficiency-push\" target=\"_blank\" rel=\"nofollow\">impact<\/a> roughly 1,000 employees, based on Block\u2019s headcount of just under 11,000 as of late 2025. <\/p>\n<p>Employees were informed internally that roles are being reviewed as part of annual performance evaluations, with decisions expected to be finalized in the coming weeks.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The move marks the latest step in a multi-year restructuring effort at Block, which operates businesses including Square, Cash App, and Bitcoin-focused initiatives. The company has been working to simplify its organizational structure, integrate teams more closely, and focus resources on higher-growth and more profitable areas.<\/p>\n<p>Block has also been increasing its emphasis on automation and internal productivity tools, including an in-house artificial intelligence assistant known as Goose, as it looks to operate more efficiently at scale. <\/p>\n<p>The company has previously said it wants to balance growth investments with tighter cost controls.<\/p>\n<p>The planned workforce reduction comes as Block navigates a challenging operating environment. Growth in its Square merchant business has slowed amid pressure on small businesses, while competition across digital payments and financial services remains intense.<\/p>\n<p>Block is scheduled to report fourth-quarter earnings later this month, with investors closely watching margins and cost discipline. The company has outlined long-term targets calling for sustained gross profit growth through the second half of the decade.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Jack Dorsey\u2019s financial technology company Block Inc. is preparing to cut up to 10% of its workforce as part of a broader effort to streamline operations and improve efficiency, Bloomberg&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8582,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=21562"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21562\/revisions"}],"predecessor-version":[{"id":21563,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21562\/revisions\/21563"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8582"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=21562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=21562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=21562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}