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    26 Kommentare

    1. 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

    2. Reasonable-Nose7813 on

      Look how proud he is to lay off 4000 ppl. The level of coldness is amazing

    3. _gadgetFreak on

      Wasn’t this guy against another crony capitalist for firing employees from Twitter?

    4. 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.

    5. MarzipanThick1765 on

      „thank you for building the machines that replaced you, now please fuck off“ – yours truly, Jack

    6. NefariousnessAble736 on

      Going to work for him next time will be very unappealing for a lot of people

    7. GoodExciting7745 on

      “Learn to code” is gonna get replaced with “Learn to clean toilets”

    8. 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.

    9. Next news story will be a major security breach at his companies because AI.

    10. 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.

    11. 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.

    12. 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.

    13. 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.

    14. More to the point, what the hell is Block, and how did it employ 10,000 people?

    15. >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.

    16. HorrorFlow3r on

      It fills me with joy to know these fuckers will never achieve immortality as they rot in their doomsday bunkers.

    17. 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.

    18. 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.

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