Jack Dorsey’s Block cutting up to 10% of staff: Report | Technology News

insidetrack IndiaFebruary 9, 2026

541 1 minute read

1 min readNew DelhiFeb 9, 2026 08:56 AM Jack Dorsey’s fintech Block is considering cutting up to 10% of its workforce during annual performance reviews, Bloomberg ‍News ⁠reported on Saturday citing people familiar with the matter.
Block didn’t immediately respond to a request ‌for comment. Reuters could not immediately verify the report.
The company, which facilitates bitcoin purchases acquiring the cryptocurrency and reselling it at a small premium, missed ‌Wall Street estimates for third-quarter profit amid persent economic uncertainty ‌and intensifying competition in the payments ‌sector.
Growth in the company’s Square segment, ‌which provides payments ‍solutions ⁠to small- and medium-sized businesses, slowed to 9% ⁠in the third ⁠quarter.
The company is set to report fourth-quarter earnings after ‌market hours on February 26. Expand © IE Online Media Services Pvt Ltd

insidetrack IndiaFebruary 9, 2026

541 1 minute read

insidetrack India

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