We read Jack Dorsey sent when block employees cut 931

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 on Tuesday, the bloc “Some org changes, including some org changes, including 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 that “trying to change a certain financial goal, to change a certain financial goal or change our header cover.”

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

Dorsey, in a proposal stage, the roles of critical operations, the main leadership roles and the “all” in the block, except for advancing to others, said that 748 open roles are closed.

Block Last in January 2024 last great jobs When cut around the role of 1000. 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.

It’s a developing story, check back for updates.