How Block's severance package compares to other tech company layoffs
Block is laying off approximately 4,000 employees (nearly half its workforce) and offering a relatively generous severance package including 20 weeks of salary plus additional benefits.
What smart people are saying about Jack Dorsey slashing jobs at Block: 'The canary in the coal mine'
A significantly smaller team using the tools we're building can do more and do it better. I had two options: cut gradually over months or years as this shift plays out, or be honest about where we are and act on it now. I chose the latter.