Block Inc., a San Francisco-based finance company run by Jack Dorsey, is preparing for a large round of layoffs. These job cuts would reduce its worldwide staff by 10%. If this news is true, it would be the third round of layoffs at Block in the past two years. The layoffs trend indicates widespread financial caution in the IT and fintech industries. Nothing has been said by the corporation regarding the report as of now.Who Will be Affected from the Layoffs?The cuts will likely coincide with the ongoing year-end performance reviews that will last until February and will impact multiple divisions. As Block undertakes its yearly performance appraisals, hundreds of employees have reportedly already been notified that their roles could be disrupted.The move is a component of a larger effort to improve efficiency, which aims to simplify the company’s operations and reduce expenses in the face of a difficult operating climate. Block had around 11,000 employees globally as of the end of November, so the anticipated layoffs might impact more than a thousand positions. There has been no formal word from the corporation regarding this subject as of yet.The previous rounds of layoffs, in March 2025 (931 jobs lost) and… Read MoreStartupTalky- Business News, Insights and Stories
