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business12h ago
Jack Dorsey says he's cutting nearly half of his staff — 4,000 jobs — at Block. Read the memo.
Mrf.lu and 9 more
- Block announces a major layoff, letting go of over 4,000 employees as it pivots to smaller, faster teams and AI tools to accelerate building and running the company.
- Dorsey frames the move as part of a shift to intelligence-native models where AI-enabled tools redefine how Block builds and runs the company.
- The memo notes severance and transition support, including 20 weeks of salary, healthcare coverage, and a $5,000 cash transition grant for laid-off employees.
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