Canva, Block and Meta layoffs in 2026 came with different severance terms

Block has initiated a second round of layoffs this year, affecting the Customer Ops, Risk Ops, and Learning & Content Operations teams for Cash App and Square. Fast Company reports the company has not yet disclosed the exact number of employees affected, though the cuts follow a February round that eliminated more than 4,000 jobs.

According to an internal FAQ document viewed by Business Insider, affected US workers in this latest round are eligible for at least 60 days of pay plus at least seven weeks of base pay, with an additional week of pay provided for every year of tenure. Employees who sign a separation agreement will receive another 30 days of pay, totaling 90 days, along with a one-time $5,000 payment. These workers will also receive three months of COBRA premium coverage for themselves and enrolled dependents.

Fast Company notes that the February layoffs included different terms, such as 20 weeks of severance or more, equity vesting through the end of May, six months of healthcare, and corporate devices. Block reported its third-quarter results the day before these layoffs, raising its 2026 gross profit forecast to $12.63 billion.

Brief written by urgent.news from Quartz, Business Insider, Fast Company — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.