$495 million in charges as workforce plan concludes

Source-backed update · Company report · Block

EventReported in Form 10-Q filed August 5, 2026

Added to WorkHushAugust 5, 2026

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Sources

SEC Form 10-Q · Aug 5, 2026Supports: Block said it reduced its workforce by more than 40%, recorded $495.0 million in restructuring charges in the first half of 2026, concluded the plan in the second quarter, and expects $800 million to $900 million in annualized net cost savings.Open the source

Not in the sources

The filing gives the reduction as more than 40% but does not state the final number of employees affected or their locations.

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