Jack Dorsey, the founder and CEO of financial services giant Block (NYSE:XYZ), has unveiled plans to thin its management layers from about five to two or three by the end of the year.
The announcement follows an AI-driven efficiency push that included a roughly 40% workforce reduction in February, and Dorsey said managers should oversee groups of potentially hundreds while coaching technical mastery and careers rather than directing daily tasks.
"I would love to get that down to two to three by the end of the year," Dorsey said at a JPMorgan conference, according to Yahoo Finance.
He said engineering has already moved from having pure managers to a requirement that every manager be technical and contribute code, and that the company intends to apply that standard across other disciplines.
The comments arrive as other large tech firms have also announced AI-led job cuts this year, Oracle reportedly cut up to 30,000 roles, Amazon about 16,000, Coinbase 14%, Cloudflare 20% and Meta 10%, signalling a broader industry reconfiguration.
