Read the email Jack Dorsey sent when he cut 931 of Block’s staff

Fintech block 931 people, about 8% of the company’s staff, 8% of the company, according to the company leaked message, according to a company that was seen by Techcrunch.

News An co-founder of the bloc and CEO, Jack was announced in an email from Jack Dorsey. Dorsey said to the staff that on Tuesday, the bloc will be “some org changes, including the start of roles, and the start of the consultation process in the required countries.” “

These are the latest changes of the block of cash applications and squares, Dorsey’s financial services. The company provides mobile payment services for consumers, as well as selling points and software services for enterprises.

In the email, Dorsey explained that the block was cutting between the three large buckets. The first list is a cutting of 391 people for the cause of “strategy”.

The second and largest bucket, 460 people, “performance”, due to “performance”, the company’s internal performance tracking sizes was hit or stretched to him.

The third bucket has blocked 80 to correction with “Innercore + 4” for “Innercore + 4”, this is a source of the block, which is four levels of direct reports and four-level direct reports. Dorsey said that 193 leaders were transferred to individual contribution roles.

Dorsey’s email denies that the withdrawals are the financial reason or supplement of employees with AI. On the contrary, he said that the strategic needs change during “lifting the bar and behave faster in performance”.

Dorsey also noted that 748 open roles of the company, except for the roles of critical operations and key leadership roles and key leadership roles among others.

Block Last in January 2024 last great jobswhen the role of about 1000 is when cut. By December 2024, the material was about 11300 employees in the world The company’s latest 10k presentation.

The block did not respond immediately to a request for comment.

Below all emails were sent to block employees on Tuesday Tuesday. The grammar and format of this text was changed slightly to protect the sources that share it with TechCrunch. The email is:

Hello all.

Today, we will make some org changes, including the start of roles and start the consultation process in the required countries. I want to give all the straight facts.

As I said in the last block, there are three areas we want to apply:

• Strategy: Reduce groups of strategy and disciplinary ratios.

• Performance: Separation of roads with people stretching “below” or “below”.

• Hierarchy: Driving to swear by Org to Innercore + 4 depth

thing that translates in the true number of people:

• Hierarchy: 80 managers (individual contribution roles in 193)

We also close the 748 roles we opened with the exception:

• Rolls progressed to offer the stage.

• Critical operating roles

None of the above points are trying to hit a certain financial target, replacing people or change our header. These are typical of our needs around the strategy, lift the bar and move faster over performance and can make our orgumer and more faster and less abstraction.

Why is this instead of this time? We are behind our actions and are not fair to those who work here or the company. When we know, we must act and have not moved enough. We must move forward and move forward to the moment of the transformation of our document.

This is the toughest part of my work and I struggle hard against any of these considerations. You must have a very high car to get iterate and time to move on any action. I always have the capital in our company, all of our companies. It’s my job to increase this value. We believe that this will help us to pay attention and to do it better.

Try to clarify everyone with more context and support as possible. This will soon receive an email soon. If there are places where we can do better, please send me a note. Direct feedback makes us better and I always act when I mean.

Thank you all who left us. I am grateful for you and your work to the Qur’an to this point. We will continue to monitor all our shareholders, including increasing our customers and therefore, including you.

Thank you,

jack

This story was updated on Tuesday at 17:28, to enter the full email announcing the shots.