What’s going on at Block?
Block, the fintech startup led by former Twitter CEO Jack Dorsey, has eliminated approximately 931 jobs.
In an email to staff on March 25 — obtained by TechCrunch — Dorsey also announced that the company is closing most of its open roles.
“Why do this all at once instead of over time? We’re behind in our actions, and that’s not fair to the individuals who work here or the company,” the email reads.
“When we know, we should move, and there hasn’t been enough movement. We need to move to help us meet and stay ahead of the transformational moment our industry is in.”
Dorsey added that Block will begin the consultation process “in countries where required.”
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Impact on Canadian staff
Samfiru Tumarkin LLP is working to determine if any Canadian employees at Block were let go.
According to LinkedIn, the company has more than 170 workers in the country.
Next steps for Block employees
If you’re fired or let go from Block, understanding your legal rights is crucial.
Non-unionized employees in Canada’s tech industry are entitled to severance pay. The amount you’re owed is based on a variety of factors, including your role, tenure, age, and ability to find similar work.
WATCH: Employment lawyer Lior Samfiru delves into severance pay on an episode of the Employment Law Show.
Here’s what you need to know:
- Compensation: Severance packages, which can be as much as 24 months’ pay, may include salary, bonuses, commissions, and other forms of compensation. Use our firm’s free Severance Pay Calculator to better understand your entitlements.
- Deadlines: You generally have up to two years from the date of your termination to review and negotiate severance offers.
- Action steps: Consult an employment lawyer at Samfiru Tumarkin LLP to ensure your severance package is fair and aligns with Canadian employment laws.
Major employers slashing staff
The reported workforce reduction at Block comes amid a flurry of job cuts in 2025.
Other big names, including Rona, Siemens, Seneca, Morgan Stanley, Prepac, MPG Canada, HPE, Wayfair, MLSE, Disney, Autodesk, JPMorgan, Chevron, Vale, Canada Post, Workday, ADM, Meta, and Shopify, have also pulled out the axe.
SEE ALSO
• Estée Lauder reportedly cut all Canadian staff in Hudson’s Bay stores
• Canada’s immigration department slashing workforce by 25%
• Where are layoffs happening in Canada?
Lost your job? Contact us
If you’re fired or let go from Block for any reason, the experienced employment law team at Samfiru Tumarkin LLP can help.
Our lawyers in Ontario, Alberta, and British Columbia have helped tens of thousands of non-unionized individuals resolve their workplace issues.
Call us today at 1-855-821-5900 or request a consultation online.
⛔ UNIONIZED? You must consult your union representative regarding termination, severance pay, and other workplace issues. These matters are governed by your collective bargaining agreement. By law, employment layers can’t represent unionized employees with these issues.
