Jack Dorsey’s Block To Lay Off Nearly Half of Its 10,000 people Workforce, Stock Rockets 20%

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  "detected_at": "2026-09-19T03:20:51+00:00",
  "company": {
    "name": "Block",
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  "data": {
    "url": "https://stocktwits.com/news-articles/markets/equity/jack-dorsey-block-to-lay-off-nearly-half-of-its-workforce/cZTG8mFRIRf",
    "title": "Jack Dorsey’s Block To Lay Off Nearly Half of Its 10,000 people Workforce, Stock Rockets 20% - Stocktwits",
    "excerpt": "Advertisement | Remove ads. Jack Dorsey's Block said on Thursday it will lay off more than 4,000 people from its 10,000-person workforce, sending shares surging 20% in extended trading. “We're reducing Block by nearly half, from over 10,000 people to just under 6,000, which means that over 4,000 people are being asked to leave or entering into consultation,” Dorsey, Block’s co-founder and CEO, wrote in a letter to shareholders. Dorsey said that Intelligence tools have changed what it means to build and run a company and Block is already seeing it internally. A significantly smaller team, using the tools the company is building, can do more and do it better, he said. Advertisement | Remove ads. According to regulatory filings, the company said it currently estimates that it will incur charges of approximately $450 million to $500 million in connection with the workforce reduction, consisting primarily of cash expenditures for notice period and severance payments, employee benefits, and related costs as well as non-cash expenses related to vesting of share-based awards. The company expects that the majority of the restructuring charges will be incurred in the first quarter of fiscal 2026, and that the execution of the plan will be substantially complete by the end of the second quarter of fiscal 2026. Block on Thursday reported revenue of $6.25 billion for its fourth quarter...",
    "summary": "Block reported fourth-quarter revenue of $6.25 billion, which was below analysts' estimates.",
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    "image_url": "https://news.stocktwits-cdn.com/large_Block_Inc_logo_displayed_on_smartphone_screen_6065fd32bb.webp",
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    "published_at": "2026-09-19T03:20:51Z",
    "article_sentence": "Block on Thursday reported revenue of $6.25 billion for its fourth quarter, below analysts’ estimate of $6.32 billion, according to data from Fiscal.ai.",
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curl -X POST https://signals.autobound.ai/v1/companies/enrich \
  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
  -H "Content-Type: application/json" \
  -d '{"domain":"block.xyz","limit":20}'