<ul><li>Fintech Block laid off 931 people in an effort to make organizational changes and eliminate roles.</li><li>The CEO, Jack Dorsey, sent an email announcing the layoffs which are categorized into three buckets: strategy, performance, and managers.</li><li>Dorsey stated that the cuts are not due to financial reasons or AI replacement but are driven by shifting strategic needs and improving performance.</li><li>Block is closing 748 open roles, except for critical operations, key leadership positions, and some other roles.</li></ul>

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

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