Block reportedly preparing second round of layoffs in 2026, affecting Cash App and Square
Key points
- Block is reportedly preparing a second layoff round in 2026, affecting Cash App and Square.
- Likely affected teams include Customer Operations, Risk Operations, and Learning and Content Operations.
- US staff reportedly get at least $5,000 in transition assistance; Block has not disclosed total job cuts.
Block is reportedly preparing its second major layoff round of 2026, affecting Cash App and Square staff, according to Business Insider, which said employees were told by internal email. Teams likely affected include Customer Operations, Risk Operations, and Learning and Content Operations. Block has not disclosed total job cuts; US staff reportedly get at least $5,000 in transition assistance. The company had previously cut 4,000 jobs.
Original report: Moneycontrol.com ↗Edited with AI assistance. Facts are based on official sources and original reports.