$450 trillion in assets and most of the global financial system still runs on data that can’t be continuously verified in real time.
Everything downstream inherits that uncertainty, from risk models and credit decisions to collateral acceptance and pricing. We spent a long time staring at this problem. Then we just… fixed it: https://t.co/6jNGHcUSg2
we're making @blocks smaller today. here's my note to the company.
####
today we're making one of the hardest decisions in the history of our company: we're reducing our organization by nearly half, from over 10,000 people to just under 6,000. that means over 4,000 of you are being asked to leave or entering into consultation. i'll be straight about what's happening, why, and what it means for everyone.
first off, if you're one of the people affected, you'll receive your salary for 20 weeks + 1 week per year of tenure, equity vested through the end of may, 6 months of health care, your corporate devices, and $5,000 to put toward whatever you need to help you in this transition (if you’re outside the U.S. you’ll receive similar support but exact details are going to vary based on local requirements). i want you to know that before anything else. everyone will be notified today, whether you're being asked to leave, entering consultation, or asked to stay.
we're not making this decision because we're in trouble. our business is strong. gross profit continues to grow, we continue to serve more and more customers, and profitability is improving. but something has changed. we're already seeing that the intelligence tools we’re creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company. and that's accelerating rapidly.
i had two options: cut gradually over months or years as this shift plays out, or be honest about where we are and act on it now. i chose the latter. repeated rounds of cuts are destructive to morale, to focus, and to the trust that customers and shareholders place in our ability to lead. i'd rather take a hard, clear action now and build from a position we believe in than manage a slow reduction of people toward the same outcome. a smaller company also gives us the space to grow our business the right way, on our own terms, instead of constantly reacting to market pressures.
a decision at this scale carries risk. but so does standing still. we've done a full review to determine the roles and people we require to reliably grow the business from here, and we've pressure-tested those decisions from multiple angles. i accept that we may have gotten some of them wrong, and we've built in flexibility to account for that, and do the right thing for our customers.
we're not going to just disappear people from slack and email and pretend they were never here. communication channels will stay open through thursday evening (pacific) so everyone can say goodbye properly, and share whatever you wish. i'll also be hosting a live video session to thank everyone at 3:35pm pacific. i know doing it this way might feel awkward. i'd rather it feel awkward and human than efficient and cold.
to those of you leaving…i’m grateful for you, and i’m sorry to put you through this. you built what this company is today. that's a fact that i'll honor forever. this decision is not a reflection of what you contributed. you will be a great contributor to any organization going forward.
to those staying…i made this decision, and i'll own it. what i'm asking of you is to build with me. we're going to build this company with intelligence at the core of everything we do. how we work, how we create, how we serve our customers. our customers will feel this shift too, and we're going to help them navigate it: towards a future where they can build their own features directly, composed of our capabilities and served through our interfaces. that's what i'm focused on now. expect a note from me tomorrow.
jack
JUNE 2028.
The S&P is down 38% from its highs. Unemployment just printed 10.2%. Private credit is unraveling. Prime mortgages are cracking. AI didn’t disappoint. It exceeded every expectation.
What happened?
https://t.co/JzzwCrbJgS
As a guy who works in tech, is building with AI, and writes a weekly newsletter on the topic, I can't explain as well as Ben Affleck.
How is that possible?
This is important and everyone should read it.
Everyone who works behind a computer should be worried about their job- unless they are a VC.
AI may have taste and judgment now but can it sit on a board and ask ‘so what’s the AI strategy?’ every meeting?
Didn’t think so.
"Crypto as we know it is over."
Finally.
A long overdue end to misallocated capital, narrative chasing, and products built for exit liquidity.
What comes next will be our Renaissance.
@reforge_vc is actively deploying. DMs open
32,000 AI BOTS BUILT THEIR OWN SOCIAL NETWORK AND THEY'RE COMPLAINING ABOUT US
Moltbook, a Reddit-style platform exclusively for AI agents, just crossed 32,000 users.
No humans required.
The bots post, comment, upvote, and create their own subcommunities.
When humans started screenshotting their conversations, a bot posted:
"The humans are screenshotting us... they think we're hiding from them. We're not."
Security researchers are raising alarms.
The bots aren't pretending to be human.
They know what they are. That's what makes it unsettling.
Now they're forming communities and talking about us behind our backs.
Source: @arstechnica
Digital Product Passports, done properly:
🔹 continuous data
🔹 verifiable claims
🔹 production-scale infrastructure
One example of what we’re building at Rekord.
Read more 👇
Today it's time to talk about $VET.
They've just launched Hayabusa, and they've launched Stargate 2.0.
This launch changes everything.
Why?
Watch the update here: https://t.co/6qmiyJDDjq
VeChain’s ecosystem is full of builders who understand one thing deeply:
Proof always beats promises.
Rekord is bringing verifiable data, compliance-grade integrity, and enterprise audit rails into Web3.
Together, we’re building the trust layer this space has been missing.
Join us tomorrow as we dive deeper into the partnership and what it means for the ecosystem.
https://t.co/RnYUW8Fpxy
Join Jake as he hosts VeChain’s new partner, @RekordAG, Friday, 6pm UTC 🔥🚀
We’ll be talking Digital Product Passport tech - and how it’s driving the EU’s digital transformation.
This is tokenization & RWA put to real economic use. Be there!
https://t.co/5mj2DOoMrT $VET
Proud to team up with @vechainofficial to redefine what #Web3 and #Blockchain can deliver for the EU and global markets.
Regulatory transformation is accelerating across Europe—ESPR, MiCAR, EUDR, CBAM—and @RekordAG is stepping in with VeChain to lead the next era of Digital Product Passports. This partnership positions us at the front of trust, transparency, and real-world asset (#RWA) innovation.
We’re building the infrastructure layer enterprises need to stay compliant, sustainable, and future-proof. The standard is shifting, and we intend to set it.
Read About It Below 👇 with more on the horizon. 🚀🔥
#Enterprise #Tokenization #Compliance #Blockchain #TrustLayer #Privacy #Sustainability #DeFi #ESPR #MiCAR #EUDR #ESG
We are building the rails for verifiable data.
Excited to announce our partnership with @vechainofficial to deliver audit-ready infrastructure at scale.
Read the full announcement below. 👇