Jack Dorsey Announces Major Block Layoffs: Reducing from 10,000 to 6,000 Employees

2026-02-27

Block (formerly Square) founder Jack Dorsey announced on X that the company will undergo massive layoffs, calling it one of the hardest decisions in the company’s history.

Layoff Scale

Before: Over 10,000 employees
After: Approximately 6,000 employees
Positions cut: Over 4,000 people
Percentage: Nearly 50%

Jack’s Statement

Jack Dorsey stated in his tweet: “Today we’re making one of the hardest decisions in the history of our company: we’re reducing our organization by nearly half, from over 10,000 people to just under 6,000. That means over 4,000 of you are…”

Background and Impact

Block owns several well-known products including Cash App and Square. Such a large-scale layoff reflects the challenges facing the tech industry and the company’s determination to adjust its strategy. This decision will have profound impacts on thousands of employees and their families.

Industry Trends

The tech industry has experienced multiple waves of layoffs in recent years. Starting from 2022, tech giants including Google, Meta, and Amazon have all been optimizing their workforce. Block’s layoffs represent one of the largest recent workforce reductions in the tech industry.

View original tweet: https://x.com/jack/status/2027129697092731343