Jack Dorsey’s Block pitches mini-AGI vision weeks after cutting nearly half its workforce

Block is pushing its AI strategy further, with CEO Jack Dorsey and lead independent director Roelof Botha outlining a plan to rebuild the fintech company as a mini-AGI.

In a new essay published Tuesday morning, Dorsey and Botha argue that AI should do more than improve worker productivity and instead replace traditional layers of coordination inside large organizations.

The essay arrives weeks after Block said it would cut more than 4,000 jobs, nearly half its workforce, as part of a broad AI overhaul. At the time, Dorsey said intelligence tools had changed what it means to build and run a company and argued that a much smaller team could do more and do it better.

Dorsey and Botha say the traditional corporate ladder emerged as a way to route information through large organizations, but argue that AI can now handle much of that coordination itself. They describe a future Block organized around capabilities, world models, an intelligence layer, and customer-facing interfaces, with fewer permanent management layers and more decision-making pushed to individuals closer to the work.

Block’s February restructuring was already one of the clearest examples of a public company explicitly tying major job cuts to AI adoption. Investors initially rewarded the move, sending the stock sharply higher after the company said it would embed AI across operations and take a single deep round of cuts instead of smaller waves over time.