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Layoffs at Block

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Re: Layoffs at Block

#121
"l00k at all my AI!"

Or how about your revenue lines are in retail and peer-to-peer finances, primarily for small-to-medium sized businesses and low-to-mid income individuals, primarily in the US market, all of which are struggling from tariffs and economic slowdown in their brackets.

Nah...definitely the AI.

Re: Layoffs at Block

#122

Earlier quoted context omitted.

You're hiring, so of course that's the message you're getting from recruiters. "Market is hot", so take their candidates quick before someone else snaps them up. Don't believe this line without confirmation.

No, that's just the reality of the market right now. Software engineers are an extremely hot field, likely because everybody is trying to add AI to their products. https://www.citadelsecurities.com/news-and-insights/2026-glo...

Easier to hire consultants to add AI to do your software engineering for you than temporarily hire humans with needs and benefit costs to add AI to do your software engineering for you.

Re: Layoffs at Block

#124

Earlier quoted context omitted.

Wrong? A company doesn't owe anyone a job. Either they need the employee or they don't.

I feel like the idea that X doesn't owe you Y is fundamentally at odds with the fact that humans are a cooperative species and survive the best when they are cooperating. A choir can hold a note together because individuals can stop singing to breathe, safely covered by peers who will take their turn to breathe later. What is the point of organizing socially if not for the benefit of all society members? I know we ha…

> with the fact that humans are a cooperative species and survive the best when they are cooperating.

I dispute that this is a fact. Maybe within a small group, but startups shouldn't be possible if masses of more cooperating people led to better outcomes. A large company should always win there and that does not happen.

> What is the point of organizing socially if not for the benefit of all society members?

We don't come anywhere close to this on a global scale. Most countries aren't this way on a national scale.

Re: Layoffs at Block

#125
post #80

Earlier quoted context omitted.

trimodal swe compensation (elite, big tech, everyone else) extends to the job markets too

They generalized "the market." I know a lot of out of work SWEs right now.

is there any data about the overall job market on whether it's been good or bad? genuinely curious the most recent data point shows a rebound https://www.citadelsecurities.com/news-and-insights/2026-glo...

and fwiw i dont know any swes struggling to find work personally

swe is so broad and in bubbles its hard to get an objective analysis

Re: Layoffs at Block

#126
Imagine receiving this message and the author couldn't even be bothered to capitalise letters properly. How insulting. It's like being fired by a five year old child.

Re: Layoffs at Block

#127
The year is 2030, tech companies provide the exact same value proposition to the consumer that they did in 2024, except it is buggier, full of sparkle buttons you can’t get rid of, and isn’t a source of high-paying employment. The front page of HN still has 5 posts from Blog Guys titled “Programming is Fun Again”.

The future rocks

Re: Layoffs at Block

#128

Earlier quoted context omitted.

You're hiring, so of course that's the message you're getting from recruiters. "Market is hot", so take their candidates quick before someone else snaps them up. Don't believe this line without confirmation.

No, that's just the reality of the market right now. Software engineers are an extremely hot field, likely because everybody is trying to add AI to their products. https://www.citadelsecurities.com/news-and-insights/2026-glo...

I'm an software engineer with 17 years experience and I can't even get an interview at most places I put my resume in to.

Re: Layoffs at Block

#129

Nice severance; but in this job market, holy shit. Yeah, you get 5 months of severance and a bunch of devices and such; but, does this CEO really think these employees will find new work in that time? In this job market? If the profits are still up and growing, why on earth would you evict 40% of the company, to send them into this job market? Why not … try new industries, play around, try to become the next Mitsubis…

Wrong? A company doesn't owe anyone a job. Either they need the employee or they don't.

But something something trickle down!

Or perhaps public doesn’t owe corporates bailouts when push comes to shove?

Re: Layoffs at Block

#130
post #47

It is hard to tell what this company does, but it seems to be involved in bitcoin. Coincidentally we have had a huge drop in bitcoin in the last months. I don't buy anything this weirdo says.

They own Square, Cash App, Afterpay and Jay Z's music streaming service Tidal. They make a decent amount of money from people buying and selling Bitcoin on Cash App but most of their revenue is not related to Bitcoin.
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