He lost a ton on bitcoin. Dude is trying to cover his losses.
Deer_Investigator881 on
I actually agree. Others will definitely follow. 24% stock bump AND less expenses on humans is too good for most boards to pass up
Reasonable-Nose7813 on
Look how proud he is to lay off 4000 ppl. The level of coldness is amazing
_gadgetFreak on
Wasn’t this guy against another crony capitalist for firing employees from Twitter?
benthamthecat on
Circling the drain, but it will never be his fault when the company finally dies, always some external “ unforeseen “ event and never ever incompetenct management.
MarzipanThick1765 on
„thank you for building the machines that replaced you, now please fuck off“ – yours truly, Jack
NefariousnessAble736 on
Going to work for him next time will be very unappealing for a lot of people
GoodExciting7745 on
“Learn to code” is gonna get replaced with “Learn to clean toilets”
mowotlarx on
Doesn’t that just signal to us that these companies are failing and need extra money quick? Not that they’ve become *more* productive or profitable. This is a huge red flag.
woohooguy on
Next news story will be a major security breach at his companies because AI.
w1n5t0nM1k3y on
If you can lay off that much staff and still get things done, then you were probably very overstaffed before and I wonder why you ever hired the people in the first place.
AI isn’t good enough at this point that it can replace 40% your workforce with it and not have any ill effects.
If [this chart](https://www.macrotrends.net/stocks/charts/XYZ/block/number-of-employees) is anywhere near accurate, it looks like they went from 5500 to a high of almost 13000 employees in 3 yer. Maybe this is just a correction back to a more sane level of employees for this company.
dontKair on
Dorsey admitted on Twitter that he over hired for this company
cohojonx on
A person I work told me that companies purposely overstaff so when they get in trouble they have insurance and get rid of people to make the numbers work. I thought he was crazy but it makes me wonder.
MagicBobert on
This definitely has nothing to do with the $1B worth of crypto his company bought a year ago that is down 45% since then.
Yep it’s definitely AI.
manachar on
When capitalist tell you that technology will improve things by increasing productivity freeing up humans to do bigger and better things they seem to always forget about history.
Technology, when captured by an ownership class, always hurts the workers.
It isn’t used to make your job better. It’s used to make you do more and pay you less. Worst part is your labor is being used to fund the technology used to keep you trapped.
colcob on
More to the point, what the hell is Block, and how did it employ 10,000 people?
jdlyga on
>Between 2019 and 2025, Block’s headcount grew 2.5x from about 4,000 employees to over 10,000.
And there’s your real answer.
HorrorFlow3r on
It fills me with joy to know these fuckers will never achieve immortality as they rot in their doomsday bunkers.
luri7555 on
Pretty sure the military will be hiring a lot.
Jacen1618 on
I call bullshit. This is because Square is bloated and he made a bad bet on Crypto and now his employees are paying the price.
0verstim on
If you felt like you had a good business and good people working for you… why would you let them go? Why wouldnt you GIVE them AI and let them be MORE productive? if your first reaction is to trim down, not grow, then you cant really believe in your mission that much.
strangejosh on
People just don’t matter anymore it seems.
VVrayth on
The news here is that Jack Dorsey had more than 4,000 employees.
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26 Kommentare
Dude definitely microdoses at work.
Because he’s right about so many things… /s
I guess the hype for fintech is dying off
He lost a ton on bitcoin. Dude is trying to cover his losses.
I actually agree. Others will definitely follow. 24% stock bump AND less expenses on humans is too good for most boards to pass up
Look how proud he is to lay off 4000 ppl. The level of coldness is amazing
Wasn’t this guy against another crony capitalist for firing employees from Twitter?
Circling the drain, but it will never be his fault when the company finally dies, always some external “ unforeseen “ event and never ever incompetenct management.
„thank you for building the machines that replaced you, now please fuck off“ – yours truly, Jack
Going to work for him next time will be very unappealing for a lot of people
“Learn to code” is gonna get replaced with “Learn to clean toilets”
Doesn’t that just signal to us that these companies are failing and need extra money quick? Not that they’ve become *more* productive or profitable. This is a huge red flag.
Next news story will be a major security breach at his companies because AI.
If you can lay off that much staff and still get things done, then you were probably very overstaffed before and I wonder why you ever hired the people in the first place.
AI isn’t good enough at this point that it can replace 40% your workforce with it and not have any ill effects.
If [this chart](https://www.macrotrends.net/stocks/charts/XYZ/block/number-of-employees) is anywhere near accurate, it looks like they went from 5500 to a high of almost 13000 employees in 3 yer. Maybe this is just a correction back to a more sane level of employees for this company.
Dorsey admitted on Twitter that he over hired for this company
A person I work told me that companies purposely overstaff so when they get in trouble they have insurance and get rid of people to make the numbers work. I thought he was crazy but it makes me wonder.
This definitely has nothing to do with the $1B worth of crypto his company bought a year ago that is down 45% since then.
Yep it’s definitely AI.
When capitalist tell you that technology will improve things by increasing productivity freeing up humans to do bigger and better things they seem to always forget about history.
Technology, when captured by an ownership class, always hurts the workers.
It isn’t used to make your job better. It’s used to make you do more and pay you less. Worst part is your labor is being used to fund the technology used to keep you trapped.
More to the point, what the hell is Block, and how did it employ 10,000 people?
>Between 2019 and 2025, Block’s headcount grew 2.5x from about 4,000 employees to over 10,000.
And there’s your real answer.
It fills me with joy to know these fuckers will never achieve immortality as they rot in their doomsday bunkers.
Pretty sure the military will be hiring a lot.
I call bullshit. This is because Square is bloated and he made a bad bet on Crypto and now his employees are paying the price.
If you felt like you had a good business and good people working for you… why would you let them go? Why wouldnt you GIVE them AI and let them be MORE productive? if your first reaction is to trim down, not grow, then you cant really believe in your mission that much.
People just don’t matter anymore it seems.
The news here is that Jack Dorsey had more than 4,000 employees.