Block CEO Jack Dorsey Overhauls Performance Management

Dorsey Scraps Annual Reviews and PIPs, Introduces Regular Evaluations and Performance Ratings

Block CEO Jack Dorsey has announced a new approach to performance management, scrapping annual performance reviews and performance improvement plans (PIPs).
Dorsey aims to foster a 'culture of excellence' at Block, with regular employee evaluations replacing annual reviews.
Employees not meeting expectations may be let go immediately, bypassing formal feedback or performance improvement strategies.
Performance ratings of 'meet, exceed, or fall below' will be introduced, and each employee will have access to their rating.
Dhanji Prasanna, a Block veteran and the firm’s chief scientist, has been promoted to the new Chief Technology Officer.