Jack Dorsey, CEO of Block, is laying off nearly half of its employees, equivalent to about 4,000 jobs.

Jack Dorsey, CEO of Block, is laying off nearly half of its employees, equivalent to about 4,000 jobs. Joe Raedle/Getty Images

Jack Dorsey, CEO of Block, is laying off nearly half of its employees, equivalent to about 4,000 jobs. Joe Raedle/Getty Images

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Even by Big Tech's hardcore standards, the layoffs at Jack Dorsey's Block are sweeping, but the financial service company has earned some praise for its severance package.

Dorsey said Block would provide laid-off employees with 20 weeks of salary, plus one additional week per year of tenure. They would also get six months of healthcare, a $5,000 stipend, and the option to keep their work device. Equity would vest through until the end of May, Dorsey said.

Brooks Holtom, a professor of management at Georgetown University, told Business Insider that the packages are "relatively generous."

Others have praised Dorsey's leadership for owning up to his decision.

From X's massive layoff to Amazon's repeated trims, here's how Block's layoff severance package compares to those offered by other tech companies.