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

According to a leaked message from TechCrunch, the fintech block on Tuesday surpassed 931.

The news was announced to the staff in an email from the co-founder and CEO of the block. Dorsy told staff that Tuesday would bring some org changes, including the block to “eliminate the role and the beginning of the consultation process in the necessary countries.”

This is the latest changes in the giants of the financial services of Darsi, which owns the cash app and squares. The company provides mobile payment services for customers, as well as providing point-off-sales hardware and software for business.

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. Dorcey also said that 193 directors were being removed in the role of separate contributors.

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 said “Block role is cut off because of the transfer of strategic needs while raising the bar and performing fast performances.”

Dorcei also mentions that except for those who have advanced the block on the offer stage, “all” 748 Open is stopped, the role of critical operations, the role of original leadership and others.

Block The latest big trim was done in January 2024When it cuts about a thousand roles. Before TrimAccording to a source familiar with this topic, the garment had about 12,000 worker members.

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

This is a developing story. Check again for updates.