Block Stock Pops as Jack Dorsey's Bitcoin, Payments Company Dumps 4,000 Jobs

Decrypt
by Sebastian Sinclair
February 26, 2026
Block Stock Pops as Jack Dorsey's Bitcoin, Payments Company Dumps 4,000 Jobs
Block said the restructuring will cost up to $500 million and be largely completed by mid-2026, as investors embraced the move.
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Originally published on Decrypt on 2/26/2026