Block Stock Pops as Jack Dorsey's Bitcoin, Payments Company Dumps 4,000 Jobs

In brief

• Block expects most restructuring charges to land in the first quarter, driven by severance and share-based compensation costs.
• The company employed just over 10,200 workers at the end of 2025, highlighting the scale of the workforce reduction.
• Block’s business spans consumer and merchant payments through Cash App and Square, alongside a growing Bitcoin operation tied to trading and payments.