Daring FireballFeb 27
Block Lays Off 4,000 (of 10,000) Employees
https://daringfireball.net/linked/2026/02/27/block-layoffs
Block Lays Off 4,000 (of 10,000) Employees

Link to: https://www.cnbc.com/2026/02/26/block-laying-off-about-4000-employees-nearly-half-of-its-workforce.html

Daring Fireball
Show threadjosephFeb 27
@daringfireball in addition to the massive over-hiring during COVID, Dorsey bet big on Bitcoin which is down by half since its peak last year. Interest rates higher than zero for a while now PLUS bitcoin crashing is a hell of a financial hit
Show threadAlexander L
@mixdup @daringfireball I wouldn't be shocked if 80% of this was due to Bitcoin tanking and Dorsey having bet big on it.
Feb 27 at 5:36pmWeb