Block Layoffs 2026: Second Wave of Job Cuts

Block began another round of layoffs on November 4, 2026, affecting teams at Square and Cash App. The latest cuts come just eight months after the financial technology company eliminated more than 4,000 jobs, reducing its workforce by over 40%.

Employees in Customer Operations, Risk Operations, and Learning & Content Operations are among those affected. Block hasn’t disclosed how many additional jobs are being eliminated or confirmed how many Canadian employees are impacted.

Laid off by Block, Square or Cash App? Your first severance offer isn’t necessarily everything you’re owed. Non-unionized employees in Ontario, Alberta and BC can receive up to 24 months’ compensation when terminated without cause.

Latest Block, Square And Cash App Layoffs

Block has continued restructuring its workforce as it invests in artificial intelligence and changes how its teams operate.

• November 4–6, 2026: Block began another round of cuts affecting Square and Cash App operations. The number of jobs eliminated hasn’t been disclosed.
• February 26, 2026: CEO Jack Dorsey announced the elimination of more than 4,000 positions, reducing Block’s workforce from over 10,000 employees to fewer than 6,000.
• March 2025: Block eliminated approximately 931 jobs during an earlier restructuring.

The latest layoffs were reported by Business Insider and Fast Company.

Block’s February restructuring was one of the technology industry’s largest workforce reductions of 2026. Read our original coverage of the 4,000 job cuts.

The latest cuts are separate from February’s layoffs. Block has not announced another company-wide reduction of the same size.

What Severance Is Block Offering Laid-Off Employees?

Block is offering severance and transition support to employees affected by its November layoffs. The reported U.S. package includes:

• At least seven weeks of base-pay severance, plus one additional week for each year of service.
• Another 30 days of paid time off for employees who sign and comply with a separation agreement.
• Three months of healthcare coverage through COBRA.
• A US$5,000 transition payment and other applicable compensation.

These are reported U.S. terms, not confirmed Canadian severance offers. Block hasn’t publicly disclosed the terms of its November packages for Canadian employees.

The latest U.S. arrangement also differs from February’s package, which included 20 weeks of salary, additional tenure-based compensation and six months of healthcare coverage.

For Canadian employees, Block’s standard package isn’t necessarily everything you’re legally owed.

How Much Severance Does Block Owe Canadian Employees?

Non-unionized Block employees terminated without cause in Ontario, Alberta and British Columbia can receive up to 24 months’ compensation.

Your age, years of service, position, compensation and employment contract determine what you’re owed—not simply Block’s standard severance formula.

For software engineers, customer operations professionals, managers and senior employees, severance can represent substantial compensation.

Get an initial estimate using our free Severance Pay Calculator.

What Happens To Your Block Stock Awards And Bonuses?

Your salary is only one part of your compensation. Block employees can also receive restricted stock units (RSUs), stock options, bonuses and other incentives.

Before accepting a severance package, review:

• RSUs: What happens to outstanding awards and upcoming vesting dates?
• Stock options: Will your departure affect exercise deadlines or unvested compensation?
• Bonuses: Are outstanding and expected payments included?
• Benefits: How long will your healthcare and other coverage continue?

Lost bonuses and equity compensation can form part of a severance claim following termination without cause.

Don’t judge your Block severance package by salary alone.

Does Block Have To Pay Severance If AI Eliminates Your Job?

Yes. If Block eliminates your position and terminates your employment without cause, you’re owed proper severance.

Block linked its February restructuring to advances in artificial intelligence that allow smaller teams to handle more work. Its latest internal communications have also described the use of better tools for routine tasks.

The reason your position is eliminated doesn’t take away your rights.

What If Block Changes Your Role Instead Of Laying You Off?

Block’s latest restructuring also involves changes to responsibilities and reporting structures.

If the company significantly reduces your pay, demotes you or substantially changes your duties, you don’t automatically have to accept those changes.

They can amount to constructive dismissal, allowing you to pursue severance.

Don’t resign or agree to major changes before understanding your rights.

What Should Block Employees Do Before Signing?

1. Get the full offer. Keep your termination letter, employment agreement and compensation documents.
2. Check your total compensation. Include bonuses, RSUs, stock options and benefits—not just salary.
3. Have your severance reviewed. Understand what you’re owed before agreeing to leave.

Having your severance reviewed doesn’t mean taking Block to court. We resolve the vast majority of severance disputes through negotiation.

Samfiru Tumarkin LLP represents non-unionized employees in Ontario, Alberta and British Columbia. Our employment lawyers help technology professionals, managers and other employees get what they’re owed.

Block Layoffs And Severance: Common Questions

How Many Employees Is Block Laying Off In November 2026?

Block began another round of layoffs on November 4, affecting Square and Cash App teams. The company hasn’t disclosed how many positions are being eliminated.

Are Block Employees Being Laid Off In Canada?

Block has a Canadian workforce, but it hasn’t confirmed how many Canadian employees are affected by the latest November layoffs.

How Many Jobs Did Block Cut In February 2026?

Block eliminated more than 4,000 jobs in February, reducing its workforce by over 40%.

Can Block Employees Receive 24 Months’ Severance?

Yes. Non-unionized employees terminated without cause in Ontario, Alberta and BC can receive up to 24 months’ compensation, based on their circumstances.

Does Block Have To Include RSUs And Bonuses In Severance?

Lost RSUs, bonuses and other incentive compensation can form part of what an employee is owed following termination. Have your full compensation package reviewed before signing.

Disclaimer: This article provides general information about publicly reported workforce reductions and the rights of non-unionized employees in Canada. It does not state or suggest that Block or any related company acted unlawfully or failed to meet its obligations to any employee.