Block employee says the company dangled a 75% pay raise to get her to stay after layoffs - but she decided to quit

"I saw my company discard half of my peers and double my pay. That's not an honor. It feels shameful and dehumanizing."

"Takeda wrote that her overall retention package represented about a 90% bump when factoring in a one-time bonus she received. Business Insider viewed messages in which two employees said their retention bonuses were $60,000 and $80,000, both paid out in quarterly installments."

"Takeda estimated that about 70% of her immediate and sister teams were impacted by the layoffs. Her only colleague left on her team was a new hire who had started 3 days ago."

Block implemented significant layoffs affecting over 4,000 employees, then offered retention packages to survivors including substantial pay increases and bonuses. Data scientist Naoko Takeda received approximately a 75% pay raise plus a retention bonus totaling a 90% overall increase, but quit immediately, describing the offer as shameful and dehumanizing given the mass layoffs. Other employees reported receiving retention bonuses ranging from $60,000 to $80,000 paid in quarterly installments. Takeda noted that approximately 70% of her immediate teams were affected, leaving only a three-day-old new hire on her team. CEO Jack Dorsey justified the layoffs on an earnings call by citing AI efficiencies.

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