Here's the Severance Package Block Is Offering Laid-Off US Employees
Fintech company Block is offering laid-off US employees 90 days of pay without working, along with additional severance, three months of healthcare coverage, and a one-time $5,000 payment for signing a separation agreement. The company informed affected workers of their role eliminations starting Wednesday. This marks Block's second round of workforce reductions in 2026, following massive artificial intelligence-driven layoffs earlier in the year under CEO Jack Dorsey. The latest job cuts are attributed to using better tools for operational efficiency.
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- ✓ Block is offering laid-off US employees 90 days of pay without working, plus severance and three months of healthcare coverage.
- ✓ Jack Dorsey is the CEO of Block.
- ✓ Workers who sign and follow terms of a separation agreement will receive a $5,000 one-time payment.
- ✓ Block previously made a massive round of AI-driven layoffs in February.
What changed
Block initiated a second round of job cuts in 2026, providing affected US workers with a severance package that includes up to 90 days of pay and a $5,000 transition payment.
Live updates
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Block Issues Severance Package for US Employees in Second Layoff
Fintech company Block is offering laid-off US employees 90 days of pay without working, along with additional severance, three months of healthcare coverage, and a one-time $5,000 payment for signing a separation agreement. The company informed affected workers of their role eliminations starting Wednesday. This marks Block's second round of workforce reductions in 2026, following massive artificial intelligence-driven layoffs earlier in the year under CEO Jack Dorsey. The latest job cuts are attributed to using better tools for operational efficiency.
Why it matters
Block, formerly known as Square, is executing its second major workforce reduction of 2026, continuing a shift toward streamlined operations. Chief Executive Officer Jack Dorsey previously pointed to artificial intelligence as a driver for staff cuts in February. The current reductions rely on utilizing better tools to manage resources and efficiency within the fintech giant.
What is confirmed
- Block is offering laid-off US employees 90 days of pay without working, plus severance and three months of healthcare coverage.
- Jack Dorsey is the CEO of Block.
- Workers who sign and follow terms of a separation agreement will receive a $5,000 one-time payment.
- Block previously made a massive round of AI-driven layoffs in February.
What to watch next
- Further details on the total number of employees affected by the latest round of job cuts
- Additional statements from CEO Jack Dorsey regarding operational changes and tool adoption
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- recruit-talent.com — Block offers laid-off US employees up to 90 days of pay
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