Read the Jack Dorsi email sent when he cut 931 from Block staff

Fintech Block fired 931 people today, according to an expiring message from the company seen by TechCrunch.

The news was announced to the staff in an email by the co -founder and CEO of Block Dorsy Bloc Jack. Doorsi told the staff that today the block will “make some changes to the organs, including the elimination of roles and the start of the process of consultation in countries when required.”

In the email, Dorsi explained that the block cuts roles in three wide buckets. The first to list is 391 people who are cut off for reasons for a “strategy”.

The second and largest bucket, 460 people, is for reasons for “performance”, with Dorsy explaining that the block is a “separation with people” who mark the “UN” rating or “tendency to the bottom”.

The third bucket is the managers, 80 of whom are cut to level the hierarchy of the block. Dorssy also said that 193 managers moved into individual roles.

Dorsi’s email denies that cuts are for financial reasons or replace workers with AI. Moreover, Dorses wrote that “none of the above (abbreviations) is trying to capture a specific financial goal, replacing people with AI or changing their head cap.”

He continued more, the block cuts the roles due to the shift of strategic needs by “raising the bar and acting faster when performing”.

Doors also noted that block closes the “all” 748 open roles in a block, except those who have progressed to the stage of offer, critical operating roles, key leadership roles and more.

Block Lastly suffered major cuts in January 2024. When it reduces about 1000 roles. Before today’s cuts, the clothing had about 12,000 employees, according to a source familiar with the question.

Block did not immediately respond to a request for a comment.

This is a development story, check again for updates.