Block is furthering its AI strategy, with CEO Jack Dorsey and lead independent director Roelof Botha outlining plans to rebuild the fintech company as a mini-AGI.
In a new essay published Tuesday morning, Dorsey and Botha argue that AI should not only improve employee productivity but also replace traditional coordination layers within large organizations.
The essay comes weeks after Block announced that the company would cut more than 4,000 jobs, nearly half its workforce, as part of a major AI overhaul. Dorsey said at the time that intelligence tools have changed what it means to start and run a company, arguing that much smaller teams can do more and do it better.
Dorsey and Botha say the traditional corporate ladder emerged as a way to convey information through large organizations, but they argue that AI can now handle much of that coordination itself. They describe future blocks organized around capabilities, world models, intelligence layers, and customer-facing interfaces, with fewer permanent layers of management and decision-making pushed to individuals closer to the field.
Mr. Block’s February restructuring was already one of the clearest examples of a public company explicitly linking large-scale layoffs to AI implementation. Investors initially rewarded the move, sending the stock soaring after the company announced it would implement AI across its operations and make cuts in one big round rather than in small waves over time.
