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

Fintech Block, owned by Jack Dorsey, laid off 931 employees, approximately 8% of its workforce, citing org changes and performance reasons in an email to staff. The company is cutting roles across three buckets, including strategy, performance, and hierarchy adjustments, with a focus on meeting strategic needs and improving performance. Block previously underwent significant layoffs in January 2024, and is closing 748 open roles while denying financial reasons for the layoffs.

Full Article