Read the Email Jack Doursey sent when you cut the 931 of the block staff

The FakeCh Block Sulled on 931 people Tuesday, according to a leaked message from the company seen by Techcrunch.

The news has been announced to the staff in an email from the block of the block and CEO, Jack Basey. Dorsey told the staff, Tuesday, I’ll be “but they will make some org changes, including roles and start the consultation process in the countries.”

These are the latest changes to fill the block, Dorsey financial services which possesses the cash square. The company provides furniture pay services for consumers, and even the software and sales software for the business.

In the mail, Dorsey explained that block is cut roles through three large kisses. The first he is 391 people who are cut for “strategy” reasons.

The second and the greatest bucket, 460, are for “performance,” with dowlery by explaining that block is to floor “below.

The third bucket is gestors, 80 of which they have been cut in “InRector + 4”, who refers to rip out of the door out of the way, according to a familiar source. Dorsey also told 193 materials are moved in individual contributors roles.

Dorsey email denies the layoffs are for financial reasons or to replace workers with AI. Specifically, Dorsey wrote that “is none of the above points they seek to a specific financial target, replenishment of people, or change our headcount.”

Parenting the block is that the role to the need to replace while “increase more and act faster on performance.”

Dorsey also noticed that the block is closed 748 open in society, the exception of those who are progressing progressed, critical rulers, among others, between others.

Block Last important past in January 202when you cut around 1,000 roles. Before the Tuesday LayoffsThe dress had about 12,000 staff members, according to a familiar source with the matter.

The block did not respond immediately to a comment request.

Below is the dorsey of email meant to block employees Tuesday. The grammar and the form of this text was modified lightly to protect the sources that have shared with techcrunnch. The email follows:

Hi all of you.

We’ll be able to get you a number of changes, including deleting roles and start the consultation process in village where required. I want to give you all the right facts.

As I told the last block, there are three zones that we want to address:

• Strategy: Reduce by teams that are out of strategy, and setting our discipline reports.

• Yield: Shipment to start with people with “below” or trend toward “below”.

• Hierarchy: Drive to fix our org to maximum depth of innercore + 4

What is translated into actual numbers of people:

• Hierarchy: 80 runs (with 193 in motion of individual contributor roles)

We also enclosed all 748 roles we open with the exception of:

• advanced rolls to offer stage.
• critical operating roles

None of the above supers to fill a specific financial goal, replacing people with ai, or change our headcount. I am specific to our needs around the strategy, to stand the strategy, attend the bar and acting fast in the performation in the perfection, and also appeals to our org and we can move faster and less abstraction.

Why is all this at once instead of time? We are behind in our actions, and that is not fair to individuals working here oa company. When we know, we should move, and has not been enough movement. You need to move to help meet and stay in front of the processing moment that our industry is in.

It’s the hardest part of the mute of my job, and I’m fighting hard against some considerations. We should have a lot of fixes a lot of a correct for us to take any action, that takes iteration and time to get right. Always warms on all those who all here, and those who are diping, has the equipment in our business. It’s my job to increase this value. We believe this will help you focus and perform better to do alone.

We are working to give the clarity to all quick, with so context and supporter, as soon as possible. You will receive an email soon than you mean for you. If there are zones where you think we can do better, please send me a note. Direct feedback makes us better, and I always act when it makes sense.

Thank you all those who let go. I am grateful and appreciated for you and your work, that built up to this point. We look at honor we will have to our value to our customers, and for that to all our accidents, including.

Thank you,

jack

This story has been updated at 4:28 on Tuesday to Tuesday to include the full email by the layoff.