Block 向遭裁撤的美國員工提供的離職補償方案
Here's the severance package Block is offering laid-off US employees
Block 最新一輪裁員中，受影響的美國員工可獲至少 60 天薪酬及離職補償；簽署離職協議者另可獲 30 天免工作薪酬，合計 90 天。離職補償至少為 7 週基本薪酬，每服務一年另加一週，另有 3 個月 COBRA 保費保障及一次性 $5,000 轉職援助金。
Exclusive
You're currently following this author! Click to unsubscribe from email alerts.
and
Tim Paradis
You're currently following this author!
Click to unsubscribe from email alerts.
Block employees in the US who were hit in the company's latest round of cuts will receive at least 60 days of pay, plus severance.
Those workers are eligible for at least seven weeks of base pay, according to an internal FAQ document viewed by Business Insider, with an additional week of pay for every year an employee worked at Block.
The fintech company distributed the document as part of Block's second round of layoffs this year. It told some workers on Wednesday that it was eliminating their roles, according to an email seen by Business Insider. The exact scale of the cuts wasn't immediately clear.
A Block spokesperson declined to comment.
Affected US workers who sign a severance agreement will get another 30 days of pay without working, for a total of 90 days, the FAQ said. In terms of healthcare benefits, they will receive three months of COBRA premium coverage for themselves and enrolled dependents.
These workers will also receive a one-time $5,000 payment, which the company said was for transition assistance.
Employees outside the US would receive different severance packages depending on location, the document said.
The terms outlined in the 20-page FAQ document appear to be structured differently than those offered in February, when the company slashed more than 40% of its workforce. At the time, CEO Jack Dorsey said laid-off workers would receive 20 weeks of salary plus an additional week for each year at the company.
Adding the 90 days' pay without working and the minimum of seven weeks of severance is roughly equivalent to the 20 weeks of salary Block offered in February, before the additional payment based on tenure.
There are some differences in the other benefits. The February package included six months of healthcare coverage, whereas the company's latest FAQ says it will offer three months of COBRA premium coverage for US workers and their enrolled dependents.
Both rounds of cuts included a $5,000 payment, which Block referred to as transition assistance.
Eligible workers will also receive a prorated payment in place of an April 2027 retention bonus, according to the document.
The company said the benefits are contingent on workers signing — and adhering to — the separation agreement.
Block isn't the only tech firm making reductions. Canva this week said it would let go of 22% of its workforce as part of a reorganization. Affected employees are due to get at least six months' pay.
And at the website-building company Squarespace, which said it's cutting 19% of staff, workers will get at least 16 weeks of base pay plus added time based on tenure as well as benefits through May next year.
Unlike the prior reductions, which Dorsey said were due in part to advances in how much work AI could take on, the newest cuts didn't mention AI. Instead, in the email to staff, Block referred to "using better tools to handle routine tasks" and "refocusing our teams' time on complex cases and decisions."
The layoffs come after the company posted better-than-expected third-quarter profits amid growth at Square, its seller-services business, and Cash App, its consumer financial services app.
Read next
Business Insider tells the innovative stories you want to know
Business Insider tells the innovative stories you want to know
Business Insider tells the innovative stories you want to know
Business Insider tells the innovative stories you want to know
You're currently following this author! Click to unsubscribe from email alerts.
Alice Tecotzky is a reporter on the Tech desk, based in London. She writes about Big Tech companies and what it's like to work at them, after having previously covered Wall Street. Have a tip? Email her at atecotzky@insider.com, reach her on Signal at alicetecotzky.05, or follow her on X @atecotzky.Alice graduated from Columbia University in May 2024 with a degree in English. Before she joined Business Insider, she covered breaking news at the Daily Beast and education at the Atlanta Journal-Constitution.
You're currently following this author! Click to unsubscribe from email alerts.
Tim reports on the workplace and the forces reshaping how people make a living, including AI, remote work, and corporate cost-cutting. His reporting examines how those shifts are changing careers, management, hiring, performance expectations, and workers’ day-to-day lives, particularly in fast-changing fields such as tech.He previously reported on Wall Street and the stock market for the Associated Press.
來源：Business Insider Tech · businessinsider.com