Laid off from Block.

Block cut nearly half its workforce in one February 2026 stroke and attached a package among the most generous publicly reported in the AI layoff era. Generous terms and a 4,000-person cut are both true at once.

At a glance

What's known about Block severance and layoffs

  • 20 weeks + 1 week per year · Base severance, February 2026
  • 6 months of coverage · Healthcare
  • $5,000 cash · Transition fund
  • Vesting ran through May 2026 · Equity
  • $495.0 million through June 2026 · Restructuring charges booked
  • 15 covering 532 jobs in 10 states · Tracker filings since 2025
  • 240 jobs in California, March 2025 · Largest tracker filing

Recent Block layoffs

Block's February 2026 round closed at $495 million

Block told the SEC on February 26, 2026 that it expected a reduction of more than 40%, and Dorsey's note that day put the round at more than 4,000 people, from over 10,000 down to just under 6,000. The August quarterly filing recorded $495.0 million of restructuring charges and the plan as concluded during the second quarter.

Previous rounds

Block layoff history

Block cut more than 4,000 people in February 2026, going from over 10,000 to just under 6,000 in one announcement, and told the SEC the same day that it expected a reduction of more than 40%. Dorsey put the severance at the top of his note instead of the bottom, 20 weeks of salary, another week for every year served, equity vested through the end of May, six months of health care, corporate devices, and $5,000 for the transition. Everybody heard the same day, whether they were leaving, entering consultation, or staying.

The filings put numbers on what the announcement described. Block first estimated $450 million to $500 million in charges, mostly cash for notice periods, severance, and benefits. By the August quarterly filing the figure was settled, $495.0 million booked across the six months through June 30, with the plan recorded as concluded during the second quarter. Inside that total, severance and other termination benefits came to $386.0 million, of which $367.1 million had already been paid by June 30, and $345.6 million of the cost sat against product development rather than sales or administration.

February 2026 was the fourth round on this record in a little over two years. TIDAL, the music service Block owns, confirmed cuts of more than 10% in December 2023, while the company was telling investors it would come down from about 13,000 people to a cap of 12,000 by the end of 2024. Around 1,000 people went in January 2024, the count stood at about 11,300 worldwide that December, and 931 more went in March 2025, sorted into 391 for strategy, 460 for performance, and 80 managers. Dorsey's email that day said the round wasn't about hitting a financial target, replacing people with AI, or changing the headcount cap.

If your paperwork says Square and the news says Block, both are right. Square, Inc. announced the corporate rename on December 1, 2021, with the legal change expected on or about the tenth. Square stayed the brand for the seller business, and Cash App, TIDAL, and the rest kept their own names, so an offer letter, a badge, and a state notice from one person's job can carry three different words on them. It's worth reading your own records to see which name each of them carries.

Our WARN tracker holds 34 all-time filings matching the company, 15 of them covering 532 jobs across 10 states since the start of 2025. The biggest single row is a 240-job filing in California on March 25, 2025, which carries the same date as that round. For 2026 the tracker holds one filing, 83 jobs in Arizona dated February 26. Block says in its filings that it runs a distributed work model and has no formal headquarters, and the Oakland address it names as its principal executive office turns up on filings from other states, so the tracker reads as a record of what got filed rather than a count of who was let go. Your notice, your severance agreement, and your state's filing are the three documents worth lining up next to each other.

Reporting on previous Block layoff rounds

How Block's layoffs compare to other companies

HR Executive set the terms beside recent tech cuts. Google's packages after 2023 opened at 16 weeks of pay, Meta's 2022 package at the same 16, and Amazon's January 2026 offer at 90 days of full pay plus an additional package. Block's twenty weeks sat above all three before any tenure was counted on top, which is why the trade press began measuring other offers against it.

What to do after being laid off from Block

  1. File for unemployment in the state where you worked. Benefits run from your filing date, and severance usually doesn't block you. Block's biggest hubs: California, Missouri, New York. Somewhere else? Every state is here.
  2. Apply for financial and hardship assistance. Unemployment supplements income, but food benefits, health coverage and utility help are often available as well. Here's some of what Block's hub states run: California, Missouri, New York, and every other state is here.
  3. Mind the health insurance window. Losing coverage opens a 60-day special enrollment period, and an ACA plan usually beats unsubsidized COBRA. Compare your options before the employer coverage lapses, and read how the COBRA clocks run if you are weighing it seriously.
  4. Get your real runway number. Severance plus savings divided by reality. The calculator takes five minutes.
  5. Know which clocks are already running. Severance review windows, COBRA election, visa grace periods, and 401(k) rollovers all run on federal deadlines that started at termination. All five deadlines are here.

Block layoff and severance questions

What severance did Block pay in the 2026 layoffs?

Twenty weeks of base pay, with a further week for every year served, six months of health care, equity vested through the end of May 2026, corporate devices, and $5,000 in transition support. Dorsey published those terms in the note announcing the round, and staff outside the US were told they would get comparable support adjusted for local requirements. What governs your case is your own agreement, so check it against that list before signing.

Why did Block lay off half its staff?

Dorsey said the company wasn't in trouble, pointing to growing gross profit and improving profitability, and described a shift to smaller and flatter teams working with intelligence tools. He said he would rather take one hard action than run repeated rounds of cuts, which he called destructive to morale and trust. He also told analysts he believed most companies would reach the same conclusion within a year.

Was I laid off by Square or by Block?

Both names can be right. Square, Inc. announced the corporate rename on December 1, 2021, and the legal change to Block, Inc. was expected on or about the tenth. Square stayed the brand for the seller business, so an offer letter, a badge, and a state filing from one person's job can carry different words. Reading your own records side by side shows which name each of them uses.

How many people has Block laid off?

Four rounds sit on the public record here. More than 4,000 in February 2026, 931 in March 2025, around 1,000 in January 2024, and more than 10% of TIDAL's staff in December 2023. Our own tracker holds 34 all-time WARN filings matching the company, 15 of them covering 532 jobs since the start of 2025. Terms were published for the 2026 round only.

Do Block's WARN filings show the whole February 2026 round?

No. Our tracker holds one 2026 filing, 83 jobs in Arizona dated February 26, against a round the company itself put at more than 4,000 people. Block says it runs a distributed work model with no formal headquarters, and the Oakland address it names as its principal executive office turns up on filings in other states. What a state files and what a company announces are two different records, so pull your own state's notice rather than reading the tracker as a headcount.

Where do I file for unemployment after being laid off from Block?

In the state where you worked, not where the company is headquartered. Block's biggest U.S. hubs are California, Missouri, New York. Severance usually doesn't block you from filing, and benefits run from your filing date, so file the same week.

Is it OK to file for unemployment after a layoff at Block?

Yes. Unemployment insurance is funded by payroll taxes employers pay on wages, the claim never appears on credit reports or background checks, and future employers cannot see it. If the hesitation itself is the obstacle, whether filing is OK has its own article.

What happens to my health insurance after a layoff at Block?

Your plan sets the end date rather than the law, so the separation packet is where that date actually lives, and it is often the last day of the month rather than your last day of work. After coverage ends, COBRA lets you keep the identical plan by paying the whole premium yourself, up to 102 percent of what the plan really costs, which lands as several times the payroll deduction you were used to. You get 60 days to elect, counted from the later of coverage ending or the election notice arriving, and electing reaches the coverage back to the day the old plan stopped so no gap exists. How continuation coverage works walks the timing, and whether to take it rather than a marketplace plan is a separate decision.

Should I sign the severance agreement right away?

First pin down how much review time you actually have. If you're 40 or older, federal law gives you 21 days to consider an agreement that waives age claims, 45 in a group layoff, and a waiver signed under a shorter deadline can be invalid. If you're under 40, no federal window applies and the deadline in your packet may be real, so confirm it in writing and ask for more time if you need it. Use whatever window you have to read the release terms, especially non-disparagement and no-lawsuit clauses, and don't stall past a real deadline, because offers can be withdrawn.

Can I collect unemployment if I got severance from Block?

Usually yes, though some states delay benefits until severance pay periods end, and lump sums are treated differently than salary continuation. Check your state's rules on our state benefit pages, and file immediately either way so your claim date is locked in.