Block quietly rehired some employees after layoffs, and the CEO admitted that there were mistakes in the previous decision
By: rootdata|2026/03/20 04:45:01
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According to Cointelegraph, payment company Block (which owns Square, Cash App, and Afterpay) has quietly recalled some employees this month after laying off about 4,000 people at the end of February this year. Several employees have stated on LinkedIn that they received invitations to return, citing reasons such as "administrative errors" and a shortage of personnel for key infrastructure.
CEO Jack Dorsey previously acknowledged that the layoff decision may have been a mistake and stated that the rapid development of AI technology prompted the company to restructure its team of 6,000 people. Some of the laid-off employees believe that the layoffs were more about boosting investor confidence rather than purely due to considerations of AI replacement. Currently, Block's official website lists only 27 job vacancies, all of which are management or sales positions.
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