1 min learnNew DelhiFeb 9, 2026 08:56 AM IST
Jack Dorsey’s fintech Block is contemplating reducing as much as 10% of its workforce throughout annual efficiency opinions, Bloomberg Information reported on Saturday citing folks aware of the matter.
Block didn’t instantly reply to a request for remark. Reuters couldn’t instantly confirm the report.
The corporate, which facilitates bitcoin purchases by buying the cryptocurrency and reselling it at a small premium, missed Wall Avenue estimates for third-quarter revenue amid persistent financial uncertainty and intensifying competitors within the funds sector.
Progress within the firm’s Sq. phase, which offers funds options to small- and medium-sized companies, slowed to 9% within the third quarter.
The corporate is ready to report fourth-quarter earnings after market hours on February 26.
© IE On-line Media Companies Pvt Ltd