---
id: "entity-block-d14"
type: "entity"
entityType: "organization"
canonicalName: "Block"
aliases: ["Block Inc.", "Square"]
source_timestamps: ["00:01:35"]
tags: ["tech-company", "layoffs", "fintech"]
related: ["claim-tech-layoffs-accelerating"]
sources: ["s14-job-market-reality"]
sourceVaultSlug: "s14-job-market-reality"
originDay: 14
---
# Block

## Reference

Fintech and payments company (block.xyz, formerly known as Square).

## Role in this source

Cited by the speaker as an example of accelerating tech layoffs, having recently cut 4,000 people. Anchors [[claim-tech-layoffs-accelerating]].

## External validation

~4k cuts in 2024 confirmed, generally tied to restructuring and efficiency drives across the company portfolio.