Jack Dorsey, CEO of tipping firm Block, has terminated performance improvement plans (PIPs) and annual reviews, introducing a continuous evaluation system. Describing the previous system as 'lazy' and a 'denial of service attack on managers,' Dorsey warned that underperformers would be swiftly terminated. As the company's growth outpaces its revenue, he also plans a 10% workforce reduction.
Jack Dorsey warns staff at his tipping firm Block he will fire underperformers 'quickly' and ditch 'lazy' performance improvement plans - as he looks to cull workforce by 10% as its growth outpaces revenue https://t.co/KduNcEEuVX https://t.co/ngNDFPVXAz
Jack Dorsey warns staff at his tipping firm Block he will fire underperformers 'quickly' and ditch 'lazy' performance improvement plans - as he looks to cull workforce by 10% as its growth outpaces revenue https://t.co/cWksrfLXi9 https://t.co/JgiA4T1uZV
There are reportedly no more performance improvement plans at Block. https://t.co/xQRwUfG9xm
Jack Dorsey describing PIP’s and Annual Reviews as a “denial of service attack on managers” is honestly an incredible analogy https://t.co/YF1tUk35dZ
"Jack Dorsey end PIPs at Block" https://t.co/U6OT6RQbTz
Jack Dorsey tells Block employees he's ending performance reviews and PIPs in favor of continuous evaluation: 'It's way too heavy for everyone involved.' https://t.co/fXdUh4WWaV