Block implements further layoffs across Cash App and Square

Block is conducting additional rounds of layoffs affecting its Cash App and Square divisions, according to internal communications. The latest workforce reductions target teams in Customer Operations, Risk Operations, and Learning and Content Operations. While the total number of affected employees has not been disclosed, the company stated that some roles are being eliminated while others will undergo a consultation process involving changes to responsibilities and reporting lines.

These cuts follow a major restructuring announced in February 2026, when CEO Jack Dorsey stated the company would reduce its workforce from over 10,000 employees to fewer than 6,000. Dorsey has attributed the ongoing restructuring to the integration of artificial intelligence and automation, which he argues allows smaller teams to maintain operational efficiency. The company expects the broader restructuring program to generate between $800 million and $900 million in annualized net cost savings.