{"id":19806,"date":"2026-02-08T03:34:02","date_gmt":"2026-02-08T03:34:02","guid":{"rendered":"https:\/\/microvibenews.com\/?p=19806"},"modified":"2026-02-08T03:34:02","modified_gmt":"2026-02-08T03:34:02","slug":"dorseys-block-cutting-up-to-10-of-staff-in-efficiency-push","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=19806","title":{"rendered":"Dorsey\u2019s Block cutting up to 10% of staff in efficiency push"},"content":{"rendered":"

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Jack Dorsey\u2019s Block Inc. has been notifying hundreds of employees that their jobs may be eliminated during annual performance reviews as the payments firm embarks on a broader business overhaul.<\/p>\n

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Up to 10% of Block\u2019s workforce is at risk of being cut, according to people familiar with the matter who were granted anonymity to discuss sensitive information. The company had fewer than 11,000 employees as of late-November, an executive\u00a0said\u00a0at the time.<\/p>\n

Block didn\u2019t immediately respond to a request for comment sent to its press email outside normal business hours.<\/p>\n

Block has been retooling its business model and staffing since 2024, when it reorganized reporting lines and outlined a plan to operate more efficiently. It is trying to integrate peer-to-peer payments vehicle Cash App with its merchant-oriented service Square, while also growing other initiatives like the Bitcoin mining business Proto and an artificial intelligence tool, Goose.<\/p>\n

The company is set to report earnings after the market closes on Feb. 26. Analysts expect the company to report adjusted earnings of $403 million, or 68 cents per share, for the fourth quarter on revenue of $6.25 billion.<\/p>\n<\/div>\n

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#Dorseys #Block #cutting #staff #efficiency #push<\/p>\n","protected":false},"excerpt":{"rendered":"

Jack Dorsey\u2019s Block Inc. has b… <\/p>\n","protected":false},"author":1,"featured_media":19807,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[2378,1787,12188,4580,1256,412,453],"_links":{"self":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/19806"}],"collection":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19806"}],"version-history":[{"count":0,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/19806\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/media\/19807"}],"wp:attachment":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}