Bloomberg: Block weighs cutting up to 10% of jobs

The company has told hundreds of employees their jobs are at risk as part of a broader overhaul. What to know : Block, the Jack Dorsey–run owner of Cash App and Square, is considering cutting up to 10% of its workforce as part of a broader business overhaul, according to Bloomberg. The company, which also operates bitcoin-focused units including Bitkey, Proto and Spiral, warned hundreds of employees that their jobs are at risk. Block shares have fallen 14% this year after falling more than 20% in 2025, and is set to announce fourth-quarter results on Feb. 26.