Block Retention Bonuses After Layoffs Spark Backlash
TL;DR Summary
After Block’s layoffs, survivors were offered retention packages including pay raises and bonuses (some $60k–$80k paid in installments). Naoko Takeda, a Cash App data scientist, declined a roughly 75% salary bump plus a one-time bonus and quit, calling the offer dehumanizing; her total retention package amounted to about a 90% bump when including the one-time payment. Takeda said the layoffs hurt morale, while CEO Jack Dorsey defended AI‑driven productivity. Analysts say retention bonuses can stabilize remaining staff in the short term but risk harming culture and trust.
- Block employee says the company dangled a 75% pay raise to get her to stay after layoffs — but she decided to quit Business Insider
- Opinion | I Worked for Block. Its A.I. Job Cuts Aren’t What They Seem. The New York Times
- Jack Dorsey's Block lays off 4,000, blames AI. Is it just an excuse? Yahoo Finance
- Block employee survives 'Thanos snap,' refuses 90% pay bump, quits immediately. Why her explanation is going viral Fast Company
- Jack Dorsey Isn’t Telling the Real Story About Block’s AI Layoffs, Insider Says Futurism
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