Public company, workplace, funding, and market signals
Updated Aug 5, 2026
Block, Inc. (formerly Square) is a public financial-technology company building technology for economic empowerment and access to the global economy. Its ecosystem spans seller commerce, consumer financial services, buy-now-pay-later, music, and Bitcoin products.
Primary product
A multi-product financial-services ecosystem led by Square (seller commerce/payments, software, hardware and financial services) and Cash App (consumer money management, payments, investing and Bitcoin). Other products include Afterpay, TIDAL, Bitkey and Proto.
Founded
2009
Headquarters
Oakland, California, United States
Team size
Approximately 6,000 after the February 2026 workforce reduction; pre-reduction public databases reported approximately 10,205.
Work style
Remote
Industry
Financial technology / financial services
Sub-industry
Payments, commerce software, digital wallets, consumer finance and Bitcoin infrastructure
Offices
Business model
Stage
Public company; IPO in 2015
Total raised
$7.7B
Latest round
Post-IPO debt · May 2024
Latest amount
$2B
May 2024
Jan 2023
Nov 2015
Oct 2014 · GIC
Apr 2014
Jan 2011 · Sequoia Capital
Leadership
Jack Dorsey
Co-founder, Block Head, Chief Executive Officer and Chairman
James Morgan McKelvey Jr.
Co-founder and Director
Amrita Ahuja
Foundational Lead, Chief Operating Officer and Chief Financial Officer
Brian Grassadonia
Ecosystem Lead
Owen Britton Jennings
Business Lead
Andrea L. Acosta
Chief Accounting Officer
Chrysty Esperanza
Counsel Lead, Chief Legal Officer and Corporate Secretary
Matthew Ross
Head of Investor Relations
Founders
Tristan O'Tierney
Early co-founder / founding engineer
Remote-first and globally distributed, with emphasis on economic empowerment, ownership, direct communication, shipping, high reliability and increasingly AI-native engineering. The company describes foundational teams working across disciplines and time zones.
Work style
Remote
Compensation
Job postings describe geographic compensation zones based on cost of labor. Senior software-engineer base salary ranges shown were approximately $185,200-$326,800 depending on zone; senior SRE ranges were approximately $160,700-$283,600. Some roles mention equity and possible sign-on bonuses.
Benefits
Pricing
Mixed: transaction and payment-processing fees, seller software subscriptions and hardware, lending/financial-service economics, consumer financial-service fees, BNPL merchant economics, and subscription/streaming revenue for TIDAL. Product-specific pricing varies.
Differentiators
Technology
Customers
Competitors
Estimated revenue
Approximately $24B-$25B annual revenue, based on latest reported/company-profile FY signals; revenue includes substantial transaction-related volume.
Block announced a reduction of more than 40% of its workforce, cutting more than 4,000 jobs from a workforce of roughly 10,000. Jack Dorsey attributed the restructuring primarily to AI-enabled efficiency and a flatter operating model.
SourceBefore the larger reduction, reports said Block was considering cuts of up to 10% as part of a business overhaul.
SourceCoverage identified stablecoin competition and crypto-related revenue and credit exposure as strategic risks while Block pursues Cash App monetization and margin expansion.
SourceCrypto Briefing · Aug 2026
Analyzes the February restructuring, AI operating model, stablecoin competition and Cash App monetization.
Simply Wall St · Aug 2026
Discusses Cash App monetization, Square lending, crypto and credit risks, and valuation concerns.
VentureBeat · Feb 2026
Reports Block's announcement of more than 4,000 job cuts, AI-driven restructuring, Q4 gross-profit growth and the company's new efficiency targets.
CoinDesk · Feb 2026
Pre-announcement report that Block was considering workforce reductions as part of a broader overhaul.
Block Engineering · Jan 2026
Describes Block's AI Champions program, agentic development workflows and reported increases in AI-authored code, time savings and automated pull requests.
199 jobs at Block