Under the control of Dolex, the Blox Company plans to lay off up to 10% of its workforce to improve efficiency.

Jack Dorsey's Block company is currently notifying hundreds of employees during the annual performance evaluation period that their positions may be eliminated. The payment company is currently undergoing a broader business overhaul. According to sources, up to 10% of Block's employees are at risk of being laid off, with a senior executive previously stating that as of late November, the total number of employees in the company was less than 11,000. Block is scheduled to release its financial report after the US stock market closes on February 26. Analysts expect the company's fourth quarter adjusted profit to be $403 million, earnings per share to be $0.68, and revenue to reach $6.25 billion.