Block Inc
ASX:XYZPayments and financial services platform. Afterpay, Square, Cash App.
Block Inc has been reviewed. Headcount data not yet available.
Financial Context
Market Cap
$48.5B
Revenue
$36.3B
The Story
- March 2026Block announced 4,000 job cuts globally, including approximately 700 in Australia. The company framed the restructure as an 'AI transformation.' Block's share price surged 20% on the announcement. The market rewarded headcount destruction. [AFR]
- March 2026Former Afterpay staff were disproportionately affected by the cuts. Workers described being told their roles were 'eliminated by AI' despite no AI system being deployed to replace them. The cuts came just weeks after Block reported record revenue. [SMH]
- 2022Block (formerly Square) acquired Afterpay for US$29 billion, bringing hundreds of Australian employees into the company. Block's Australian workforce grew to over 1,200. [AFR]
All facts sourced from public reporting. No editorial commentary. Click source links to verify.
Layoff Events
| Date | Headcount | Location | Department | Notes |
|---|---|---|---|---|
| 1 Mar 2026 | 700 | Australia | technology | Block cut 4,000 workers worldwide, including 700 Australians. |
Other Technology Companies That Offshore
Other companies in technology with reported offshore operations.
| Company | ASX | Reported Offshore | Offshore Destinations |
|---|---|---|---|
| Atlassian | 1,700+ | 🇮🇳 India | |
| REA Group | REA | 1,187+ | 🇨🇳 China🇵🇭 Philippines🇮🇳 India |
| Canva | 1,000+ | 🇵🇭 Philippines | |
| WiseTech Global | WTC | 428+ | 🇮🇳 India |
| Computershare | CPU | 350+ | 🇵🇭 Philippines🇮🇳 India |
Featured In
What Public Sources Say
All information below is sourced from publicly available documents and reporting. Excerpts are direct quotes. Click source links to verify.
“Block cut 4,000 workers worldwide, including 700 Australians.”
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This list is not complete, and never will be
If a company isn't listed here, that doesn't mean it doesn't offshore. And every number is the lowest we can prove, so the real figures can often be higher.
Read whyShow less
This list is not complete, and never will be
If a company isn't listed here, that doesn't mean it doesn't offshore. And every number is the lowest we can prove, so the real figures can often be higher.
This started as an ASX 200 project and mostly still is. It has widened as stories landed from outside that list, so it now also covers employers that aren't ASX-listed, like Canva, Allianz Australia, SS&C and Crown Resorts, along with government departments and agencies. Companies get added when something surfaces about them, not by working through a list in order.
Australian companies are under no obligation to disclose where their work is done, and there is no register of offshored jobs. Everything here comes from something that surfaced publicly: an annual report, a modern slavery statement, a news article, a union statement, a government contract, or a tip from someone who was there.
So an absence usually means nobody has reported on that company and we haven't got to it yet, not that it keeps its work onshore. Some of the biggest offshorers say nothing at all. And because each figure counts only what a source actually stated, the real numbers can often run higher, sometimes much higher.
Every figure links to the source it came from, so you can judge it yourself rather than take our word for it. If you know something that is missing or wrong, tell us. Corrections are published, not quietly buried.
This profile reflects public information at the time of publication and may not match current operations. Is something wrong or missing about Block Inc? Submit a correction. We welcome input from companies, employees, and researchers.