economy
February 27, 2026
Block cuts about half its workforce
Block, Amazon and CrowdStrike have recently announced significant job cuts. Mass layoffs can create unique financial and career challenges for workers.
TL;DR
- Block is laying off more than 4,000 employees, about half of its workforce.
- January layoff announcements were the highest to start a year since 2009.
- Mass layoffs create unique financial and career challenges for workers.
- Experts advise negotiating exit terms, including healthcare continuation and vesting schedules for equity grants.
- Workers can adjust tax deductions and 401k contributions before their last paycheck.
- Companies may offer outplacement services for resume reviews and mock interviews.
- The current labor market has more available workers than openings.
- Job seekers should focus on transferable skills across different sectors.
- AI-driven automation is cited as a factor contributing to industry-wide job cuts.
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