Block, Inc. (NYSE:XYZ) is among the 12 Best Digital Currency and Payments Stocks to Buy Right Now. Dorsey's Block, Inc. (XYZ) is Laying Off up to 10% of its Staff, Bloomberg Reports Bloomberg News, citing sources familiar with the situation, stated on February 8, 2026, that Block, Inc. (NYSE:XYZ), Jack Dorsey’s fintech startup, is considering laying off as much as 10% of its employees during yearly performance assessments. The firm refrained from commenting right away, and Reuters was unable to independe ...

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Dive Brief: Digital payments company Block is working to expand the reach of its internal Cash App credit scores, betting that lenders will pay for more data about non-traditional payments and installment loans. The Oakland, California-based firm is in discussions with several parties, and will start officially working with them sometime this year, Block said ...

Core Insights - Cash App has introduced a new feature called payment links to enhance user experience by allowing users to send payments via hyperlinks [1][2] Feature Overview - Users can create payment links by selecting "share link" instead of "add recipient" in the payment tab, enabling quick transaction facilitation [2] - The links can be utilized for both recurring and group payments, streamlining the payment process [2] User-Centric Design - The feature was developed after surveying Gen Z users, revealing that multiple communications often occur around payments, and aims to reduce social awkwardness [3] - Kristen Anderson, P2P & Networks Product Lead at Cash App, emphasized that payment links make requesting money feel more human and less formal, allowing users to add context to their requests [4] Recent Developments - Cash App has recently launched additional features, including an AI chatbot for financial advice and a new benefits program with a high-borrowing limit [4]

Cash App introduced a peer-to-peer payment feature designed to simplify money requests.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The company’s new payment links service lets customers generate shareable Cash ...

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 ...

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Dive Brief: With a new round of job cuts, digital payments provider Block is reducing overhead costs and keeping its headcount under a 12,000-employee cap the company adopted in 2023, according to analysts. The reductions amount to up to 10% of Block's workforce, or roughly between 1,100 to 1,150 employees, Baird analyst David Koning estimated in a note to inves ...

Core Viewpoint - Block is reportedly considering layoffs that could impact 10% of its workforce as part of a broader business overhaul aimed at achieving a $12 billion gross profit target for the year [1][4]. Group 1: Layoffs and Business Overhaul - The company has been informing hundreds of employees about potential job eliminations during annual performance reviews, indicating a significant restructuring effort [2]. - As of late November, Block had under 11,000 employees and has been revamping its staffing and business model since 2024, focusing on integrating Cash App with Square and expanding into AI and crypto [3]. - Job cuts have been occurring across various teams during the performance review period, which extends through the latter part of the month [4]. Group 2: Financial Performance and Credit Services - Block's recent earnings performance has been inconsistent, with its stock experiencing a substantial decline over the past year, and the company is set to report earnings on February 26 [4]. - The company has provided over $200 billion in credit to customers through its Cash App Borrow, Afterpay, and Square Loans products, targeting borrowers often excluded from traditional credit systems [5]. - Block emphasizes that with the right technology, inclusive lending and responsible risk management can coexist, forming the basis for sustainable credit for future generations [5]. Group 3: Credit Underwriting System - Block's Chief Risk Officer highlighted the limitations of the current credit underwriting system, which is outdated and struggles to keep pace with modern financial behaviors [6]. - Nearly 100 million Americans are reportedly blocked from affordable credit due to scoring models that rely on outdated data, rather than current financial behavior [7]. - A shift towards near real-time data could enhance understanding of consumer money management and creditworthiness, addressing the gaps in the current system [7].

Block's Jack Dorsey Block Inc., the Jack Dorsey-led fintech company behind Cash App, Square and Afterpay, is preparing to cut up to 10% of its staff as part of a broader business overhaul, Bloomberg reported Saturday, citing people familiar with the matter. Block did not immediately respond to a request for comment from (similarly-named, but entirely independent) The Block. The cuts are happening across multiple teams as managers carry out year-end performance evaluations expected to run through late Fe ...

Block Inc. (XYZ), the payments company run by Jack Dorsey, may reduce its workforce by as much as 10%, Bloomberg reported, citing people familiar with the matter. Hundreds of employees at the bitcoin (BTC)-supporting owner of Cash App and Square have been told their jobs are at risk, Bloomberg said. The reviews are part of a broader overhaul of the Oakland, California-based company's business, it said. In addition to the payment apps, which allow individuals and businesses to transact in bitcoin, Block ...

If you’re one of the hundreds of millions of Americans who use payment apps, you’ve probably wondered which one is the safest (1). These apps make it easy to split expenses with friends, purchase goods or services and settle bills — but they’re also increasingly tied to scams. Despite all the rankings and reviews you’ll find online, the truth is that there’s not much difference when it comes to getting tricked into sending money to the wrong person. In most cases, once you hit “send,” the money is gone an ...