Block offers 90 days of pay and three months of healthcare to laid-off US employees

FinanceInternationalBusiness InsiderNov 5, 2026, 4:14 PMAI summary

Block detailed in an internal document the terms for employees laid off in its second round of cuts this year: at least 60 days of pay plus severance of at least seven weeks of base salary, with an extra week for each year worked. Those who sign the agreement get another 30 days of pay without working, for a total of 90, plus three months of COBRA coverage and a one-time $5,000 payment for transition assistance. The company did not specify the scale of the cuts.

In 45 seconds

Laid-off US workers get at least 60 days of pay plus a minimum of seven weeks of base salary, with an extra week per year worked.
Signing the separation agreement adds another 30 days of pay without working, for 90 days in total.
The package includes three months of COBRA premiums for the employee and enrolled dependents and a one-time $5,000 payment.

Read the full story at Business Insider

IASummary generated by artificial intelligence from a story by Business Insider. It may contain errors: the original source prevails.

Block
despidos
fintech
indemnización
empleo tech

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

Keep reading

Cartagena's own revenue loses ground to inflation while spending and debt rise
Cartagena's industry and commerce tax closed 2025 at 595.054 billion pesos, 2.1% more than in 2024, implying a real decline of about 3% with inflation at 5.10%, and met 88.9% of its target. Between January and August 2026 it totaled 428.877 billion pesos, 8.5% more, while property tax grew just 2.9%. Operating spending committed 671.008 billion pesos in 2025, 36% more than in 2023, and infrastructure investment was 84% financed with credit.
FinanceColombiaEl Universal (Cartagena)6:48 PMAI
Event in Colombia proposes closing the gender gap to boost business competitiveness
At the "Voces que transforman país" event, representatives from the public sector, business, industry associations and international cooperation identified opportunities to move from discourse to investment in women's full participation in the economy. Ángela Hurtado, president of J.P. Morgan Colombia, said that 47% of working women are in informality and only 14% contribute to a pension. Workshops were held on infrastructure, mining and energy, and digitalization, along with a panel on opportunities for the country's economic development.
FinanceColombiaRevista Semana6:23 PMAI
Venezuela's inflation fell to 6.2% in October, its lowest level of 2026
Venezuela's Central Bank reported monthly inflation of 6.2% in October 2026, the lowest of the year and 2.2 percentage points below September's 8.4%, marking three consecutive months of single-digit rates. Education (10.3%), alcoholic beverages and tobacco (7.3%) and transport (7.1%) posted the largest increases. The BCV attributed the result to fiscal discipline, normalized external income flows and higher domestic tax collection.
FinanceInternationalPortafolio4:51 PMAI
IRS adjusts 2027 federal income tax brackets for inflation
The IRS will raise all seven federal income tax brackets for 2027 to adjust for inflation, while tax rates stay the same. With higher thresholds, taxpayers may be able to earn a little more without moving into a higher rate when they file in 2028. The top 37% rate applies to incomes over $661,375 ($793,650 for married couples filing jointly). The standard deduction rises to $33,200 for couples and $16,600 for single filers, and the lifetime gift and estate exemption reaches $15.48 million per person.
FinanceInternationalUSA Today4:49 PMAI

Block offers 90 days of pay and three months of healthcare to laid-off US employees

In 45 seconds

Comments

Keep reading

Cartagena's own revenue loses ground to inflation while spending and debt rise

Event in Colombia proposes closing the gender gap to boost business competitiveness

Venezuela's inflation fell to 6.2% in October, its lowest level of 2026

IRS adjusts 2027 federal income tax brackets for inflation