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

According to a leaked message from TechCrunch, the Fintech block has surpassed 931 today.

The news was announced to the staff in an email from the co-founder and CEO of the block. Dorcei told staff that today, the block “some orgs will be changed, including eliminating the role and the beginning of the consultation process.”

In the email, Dorsi explained that the block was cutting the role across three broad buckets. The first one he enrolled is being deducted for 391 people for “strategy”.

The second and largest bucket, 460 people, due to “performance”, with the explanation of Darsi that the block “means” who gives “the” bottom “or” trending “rating” below “.

The third bucket is the director, out of which 5 blocks are being cut to flat.

Darsi’s email deny that trims are for financial reasons or to replace workers with AI. Specifically, Dorcey writes that “None of the above is [cuts] Trying to hit a particular financial goal, replacing people with AI, or changing our headcount cap “”

Rather, he continued, “Block is cutting the ropes due to the change of strategic demand while raising the bar and performing fast performances.”

Dorcei also mentions that the block offer has advanced on the stage, the role of critical operation, the role of original leadership and the “all” 748 open in the block except others.

Block The latest big trim was done in January 2024 When it cuts about a thousand roles. There are about 12,000 employees of the decoration, so it is two cuts of about 10% every time in 15 months.

The block does not immediately respond to any request for comments.