Read the email that Jack Dorsey sent when he cited 931 of Block's staff

The Fintech block removed 931 people, approximately 8% of company staff, on Tuesday, according to a leak message from the company seen by Techcrunch.

The news was announced to staff in an email from co-founder and Block CEO Jack Dorsey. Dorsey told staff that on Tuesday, the block “made some changes to the Org, including removing the duties and starting the consultation process in countries as needed.”

This is the latest changes to the hit block, the Dorsey's financial giant who owns a cash app and square. The company provides mobile payment services for consumers, as well as point-of-sale hardware and software for businesses.

In the email, Dorsey explained that the block was cutting down duties in three wide buckets. The first he listed was 391 people cut for “strategies” factors.

The second and largest bucket, 460 people, are for “performance” reasons, with Dorsey explaining that the block puts employees scored a “below” rating on internal internal monitoring of the company's performance performance, or trending towards it.

The third bucket is the managers, 80 of which were cut to flatten Block's hierarchy on “InnerCore+4,” which refers to Dorsey's direct reports and then four levels of direct reports beyond, according to a familiar resource. Dorsey also said that 193 managers were transferred to the individual duties of the contributor.

Dorsey's email denied that the disappearances were for financial reasons or to replace AI workers. Instead, he said the block was cutting down the duties due to the transfer of strategic needs while “raising the bar and acting faster with performance.”

Dorsey also noted that the block closes 748 open duties to the company, with the exception of those who advance to a stage of offer, critical operations, and major leadership roles, among others.

I -Block Lastly undergo major disappearances in January 2024When it cuts nearly 1,000 duties. In December 2024, the outfit had about 11,300 staff worldwide, according to Latest 10k filing of the company.

Block did not immediately respond to a request for comment.

Below is the entire email Dorsey sent to block employees on Tuesday. The grammar and format of this text are partially modified to protect the resources that share it with techcrunch. Email follows:

Hello everyone.

Now we will make some changes to the org, including deleting duties and starting the consultation process in countries as needed. I would like to give you all the straight facts.

As I said in the last block, there are three places we would like to address:

Strategies: Reduction from teams that are non -approach, and organizing our discipline ratios.

Performance: Separate ways with people with “bottom” or trending towards “below.”

Hierarchy: Driving in the fllattening of our org to a max depth of InnerCore+4

What translates to the actual number of people:

Hierarchy: 80 Managers (with 193 Moving IT Individual Duties of Contributor)

We also close all 748 duties we have opened except:

The duties have evolved to offer a stage.

Critical Operational Duties

None of the above points are trying to hit a specific financial target, replacing people with AI, or changing our headcount cap. They are specific to our needs around the approach, raising the bar and acting faster with the performance, and the flattening of our org so that we can move faster and with less abstraction.

Why is it all at the same time instead of over time? We are behind our actions, and that is not fair to the individuals who work here or the company. When we know, we must move, and there is still not enough movement. We need to move to help us meet and stay ahead of the changing moment that our industry is in.

This is the hardest part of my job, and I fight against any of these considerations. We should have a very high bar of accuracy for us to take any action, taking the change and time to get right. I always balance it with the fact that everything here, and those leaving, have justice in our company. It is my job to increase that amount. We believe that it will help us to focus and carry out better to do that.

We work to give clarity to everything quickly, with as much context and support, as much as possible. You will receive an email as soon as possible about what it means for you. If there are places that you think we can do better, please send me a note. Direct comment improves us, and I always act when it makes sense.

Thanks to everyone who leaves us. I am grateful and grateful for you and your work, who built us up to this point. We will continue to respect that by increasing our value to our customers, and therefore with all our shareholders, with you.

Thank you,

Jack