# Block's latest severance: 90 days pay, $5,000 and three months health cover

> Block laid off US staff again and offered them 90 days of pay plus benefits. The package differs from February's cuts in healthcare coverage and how severance is structured.
- Title: Block's latest severance: 90 days pay, $5,000 and three…
- Summary: Block laid off US staff again and offered them 90 days of pay plus benefits. The package differs from February's cuts in healthcare coverage and how…
- Keywords: block, layoffs, severance package, jack dorsey, fintech, us employees, Business Insider
- Source: Business Insider — https://businessinsider.com/block-november-layoffs-severance-package-2026-11
- Author: Alice Tecotzky
- Published: 2026-11-05T21:14:24.904+00:00
- Read time: 1 min
- Topics: block, layoffs, severance package, jack dorsey, fintech, us employees, business, technology
## Block cuts staff again
Block told some US workers on Wednesday their roles were being eliminated. This is the company's second round of layoffs this year. The exact scale of the cuts was not immediately clear.
## The severance offer
Laid-off US employees get at least seven weeks of base pay, plus an additional week for every year at Block.
## Cash and health benefits
Affected workers receive a one-time five thousand dollar payment for transition assistance. They also get three months of COBRA premium coverage for themselves and enrolled dependents.
## Different from February
In February, Block cut more than forty percent of its workforce and offered twenty weeks of salary plus an additional week for each year at the company.
## Why the cuts now
Unlike February's layoffs, which CEO Jack Dorsey said were due to AI advances, the newest cuts did not mention AI.

> using better tools to handle routine tasks
## Cuts come after strong results
The layoffs follow Block posting better-than-expected third-quarter profits amid growth at Square, its seller-services business, and Cash App, its consumer financial services app.
## Key takeaway

Block laid off US employees in its second round of cuts this year, offering ninety days of pay, a five thousand dollar transition payment and three months of health coverage.