Block plans another round of layoffs

Key insights: Block is planning another round of layoffs that are expected to come in tandem with annual performance reviews. What's at stake: Jack Dorsey's payments company has been looking to reduce its staff in a push to reduce costs. Block has laid off employees at the top of the year in 2025 and 2024 following a self-imposed employee cap of 12,000 in November 2023. Forward look: Block reports its fourth-quarter and full-year earnings on Feb. 26 after market close. Payments fintech Block is planning ano ...