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

image via TechCrunch

March 25, 2025, 10:39 PM

• •Fintech Block laid off 931 people on Tuesday, according to a leaked message from the company seen by TechCrunch.
• •Block CEO Jack Dorsey said the layoffs are not for financial reasons or to replace workers with AI.
• •Block is cutting roles across three broad buckets: strategy, performance, and managers.

Fintech Block laid off 931 people on Tuesday, according to a leaked message from the company seen by TechCrunch. The layoffs are for strategic reasons, performance reasons, and to flatten Block's hierarchy.

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