Block Cutting Nearly 50% of Workforce in 2026, Part of Restructuring

What’s Happening at Block?

Block is eliminating approximately 4,000 jobs — nearly 50% of its workforce — as part of a restructuring.

CEO Jack Dorsey, the former head of Twitter, said in a letter to shareholders that “intelligence tools” are making it possible for smaller teams to “do more and do it better.”

“And this isn’t just about efficiency. Block serves millions of customers…the urgency behind [the demand for our services] is more pronounced, and the speed at which we need to deliver is accelerating.”

Impact on Canadian Staff

It remains unclear if Canadian employees are Block are being let go.

According to LinkedIn, the payments company currently has more than 160 workers in the country.

More Block Layoff Coverage

For a full overview of Block layoffs and the rights that non-unionized employees in Canada have in this situation, see our Block Layoffs & Severance Guide.

Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and SHOULD NOT be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.