Block layoffs, on the record
Every job cut, severance charge and restructuring Block reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 12,985 | December 31, 2023 |
| 10-K for 2024 | 11,372 | December 31, 2024 |
| 10-K for 2025 | 10,205 full-time employees | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryAnnounced an absolute cap of 12,000 on the number of employees, to be operated below through performance management, centralizing teams and functions, and prioritization of scope.
Word for word“In November 2023, we announced we would implement an absolute cap of 12,000 on the number of employees we have at our company.” 10-K for 2023
Our summaryRecorded severance and other related expenses as part of its restructuring and cost reduction initiatives, with a portion recognized in the fourth quarter.
Word for word“The Company recorded $104.0 million of severance and other related expenses for the year ended December 31, 2023, of which $70.2 million related to severance recognized in the fourth quarter of 2023.” 10-K for 2023
Our summaryReported restructuring and other charges in its non-GAAP reconciliation for 2023.
Word for word“Restructuring and other charges 239,582 51,746 20,000 Goodwill impairment 132,313 — — Interest expense (income), net (47,221) 36,228 33,124 Other income, net (202,475) (95,443) (29,474) Bitcoin impairment losses — 46,571 71,126 Benefit for income taxes (8,019) (12,312) (1,364) Loss on disposal of property and equipment 3,186 1,619 2,633 Acquired deferred revenue and cost adjustment 99 230 514 Adjusted EBITDA $ 1,792,420 $ 990,964 $ 1,013,657 78” 10-K for 2023
Our summarySeparation agreement with a former executive, Sivan Whiteley.
Word for word“10.12 + Separation Agreement between the Registrant and Sivan Whiteley, dated as of April 26, 2023 .” 10-K for 2023
Our summaryCompany recorded severance and other related expenses across product development, sales and marketing, and general and administrative.
Word for word“The Company recorded $ 26.8 million and $ 104.0 million of severance and other related expenses for the years ended December 31, 2024 and 2023, respectively, as part of product development, sales and marketing, and general and administrative within the Company's operating expenses.” 10-K for 2024
Our summaryCompany reported contingencies, restructuring and other charges within its non-GAAP reconciliation, including a restructuring share-based compensation expense.
Word for word“Contingencies, restructuring and other charges 302,446 239,582 51,746 Restructuring share-based compensation expense 8,071 — — Goodwill and intangible asset impairment 133,854 132,313 — Bitcoin impairment losses — — 46,571 Amortization of customer and other acquired intangible assets 154,709 174,044 138,758 Acquisition-related share based acceleration costs — — 66,337 Adjusted Operating Income (Loss) $ 1,608,790 $ 351,351 $ (145,408) The following table presents a reconciliation of net income (loss) to Adjusted EBITDA for each of the periods indicated (in thousands): Year Ended December 31, 2024 2023 2022 Net income (loss) attributable to common stockholders $ 2,897,047 $ 9,772 $ (540,747) Net loss attributable to noncontrolling interests (30,550) (30,896) (12,258) Net income (loss) 2,866,497 (21,124) (553,005) Share-based compensation expense 1,264,486 1,276,097 1,069,289 Restructuring share-based compensation expense 8,071 — — Depreciation and amortization 376,127 408,560 340,523 Acquisition-related and integration costs 49,019 11,422 105,518 Contingencies, restructuring and other charges 302,446 239,582 51,746” 10-K for 2024
Our summaryCompany said it expects to continue cost efficiency efforts, may incur restructuring costs in the short term, and has restructured operations from time to time.
Word for word“We may continue to incur expenses, including restructuring costs, in the short term to implement these initiatives.” 10-K for 2024
Our summaryBlock announced a workforce reduction restructuring plan (the Workforce Plan) that it expects to cut its current workforce by more than 40%.
Word for word“As part of the Workforce Plan, we expect to reduce our current workforce by more than 40%.” 10-K for 2025
Our summaryBlock recorded severance and other expenses tied to its cost efficiency efforts in 2025 and 2024.
Word for word“For the year ended December 31, 2025 and 2024, we recorded $78.6 million and $26.8 million of severance and other expenses related to these efforts, respectively.” 10-K for 2025
Our summaryBlock said it expects the Workforce Plan to be substantially complete by the end of the second quarter of fiscal 2026.
Word for word“We expect that the execution of the Workforce Plan will be substantially complete by the end of the second quarter of fiscal 2026.” 10-K for 2025
| Fiscal year ended | Severance costs |
|---|---|
| 2023-12-31 | $104 million |
| 2024-12-31 | $26.8 million |
| 2025-12-31 | $78.6 million |
Block filed 1 restructuring notice (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Block’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.