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

Fintech Block extinguished 931 people from the company leaked 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”.

For the second and largest bucket, 460 people, “performance”, with Dorsey, the “below” or “below” or “below” rating “or” downward stretching “is” the separation of roads with the people “.

The third bucket is cut 80 to flatten the block hierarchy of the block. 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. In particular, Dorsey wrote “none of the above” [cuts] They try to strike a certain financial goal, to replace the people with AI or change our header cap. “

On the contrary, he said that the strategic needs change during “lifting the bar and behave faster in performance”.

Dorsey, in a proposal stage, roles of critical transactions, roles of critical leadership, roles of leadership, roles and others, said the open role of the block “All” 748.

Block Last in January 2024 last great jobswhen the role of about 1000 is when cut. Before Tuesday in the same wayThere were about 12,000 employees for a source familiar with the issue.

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

This is a developing story. See back for updates.