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Layoffs at Block

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Re: Layoffs at Block

#411

Anyone who has worked in the big tech industry knows that probably more than half of the workforce performs tasks that, in essence, are superfluous. But these things happened: 1) Musk has shown that Twitter can operate with 5% (approximately?) of the workforce he inherited; 2) laying off a lot of people was seen as a sign that the company was in trouble, but not now because; 3) artificial intelligence makes point 2)…

What do you do now?

Re: Layoffs at Block

#412
post #48

We'll see how much the AI aspect is true by whether they're thinning out teams equally, or just axing whole initiatives. My impression of Block was that it was mostly a one-trick pony (okay, two if you include CashApp) with a bunch of side initiatives that never seemed to pan out, so I'm expecting it to be more of the latter, with this being more of an admission that they're now in "maintenance mode". Either way, I t…

I'm convinced that these "AI Layoffs" are these companies trying to save face from the absurd overhiring that they did in 2022 and 2023 because apparently they thought that these no-interest loans/free money would just last forever. No one really "knows" how to grow businesses so the easiest way to spend a lot of money quickly is hiring lots of people, whether or not they are "necessary". Then this free money dries u…

Regardless of the reasoning I think it is worth keeping in mind that the times when companies are letting talented experienced people go is also a great time to start the next new big thing. Talent that might have been unobtanium during a hiring frenzy could now be the building blocks of a new venture. A lot of these companies were started or really built themselves up during a tech slow down.

Re: Layoffs at Block

#413
post #5

>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 an…

Even if the AI piece isn't really true - smaller flatter teams will move faster anyway. I always wonder having worked in a lot of startups with 10-50ppl, what on earth a business does with 10000.

First you take a 50 person org. Then (for scale) you hire highly motivated performers who, because they came up in big orgs, are used to using 50 people for three years to do a project six people can do in three to six months. Then you create incentives that make them compete for standing. And the standing also depends on their personal scope (ie headcount).

Re: Layoffs at Block

#414

Earlier quoted context omitted.

> I'm convinced that these "AI Layoffs" are these companies trying to save face from the absurd overhiring that they did in 2022 and 2023 because apparently they thought that these no-interest loans/free money would just last forever. Partially. The first nail in the coffin was the change in assumptions around output. Before 2023, there was an assumption that more bodies means more output. After the massive X/Twitter…

> After the massive X/Twitter layoffs (60-70% headcount culled) with X/Twitter still standing, this assumption was clearly proven false. Twitter at the same time removed features to have fewer things to support. And didn't implement anything new (or really fix much) for ages. It's not the same service that was standing afterwards. And the "still standing" ignores the part where they started serving empty timelines, r…

The search functionality has been mostly broken (in several, overlapping ways) for several years now

Re: Layoffs at Block

#415
post #372

Earlier quoted context omitted.

The odd thing I find with folks championing AI, and those who have effectively laid themselves off from their own job and now are basically just glorified prompt engineers, is that you're just making yourself obsolete. AI will get better so much faster than you can adapt. One day you're happily vibe coding your 50th app, having other agents do your work for you. The next, you're worse than AI and you're redundant, an…

I agree, with one small correction: it's not only software engineers that are going to be affected, it's a very large chunk of the white collar class. Does no one think what would happen with the economy if the people that consume the most (the middle class) slowly disappear?

Yeah, I suppose I limited it to software devs since this is HN, but other industries will definitely be hit harder.

I guess factory workers felt it when robots started appearing, and there are many other similar examples of tech eating entire classes of worker. Except we're so deep in this coding rabbit hole that I dunno where else we end up.

If all you know is code, where do you go?

Re: Layoffs at Block

#416

Earlier quoted context omitted.

Being let go from a job sucks. So does being dumped from a relationship. You might not be able to find another relationship in 6+ months. But I don't think people would seriously propose that people should therefore not be able to leave a relationship.

[flagged]

Thanks!

A lot of people would focus on the many obvious differences, and use those to deflect attention from the important similarity I was highlighting: That they are both things that ought to exist only so long as both parties want them to.

Re: Layoffs at Block

#417
post #36

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…

> Nice severance; but in this job market, holy shit. I just talked to a bunch of recruiters (we're hiring) and their main piece of advice was: The market is crazy. Move fast . We're seeing people getting jobs within days of starting to look, bailing on offers after signing because they got a better offer somewhere else, etc. 24 hours is the longest you can leave a candidate waiting. You have been warned edit: I am in…

> 24 hours is the longest you can leave a candidate waiting. You have been warned.

Need to tell more recruiters.

Re: Layoffs at Block

#418

> 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…

> Sounds like the perfect setup to start your own company!

Coming soon - 4000 new vibe coded agentic AI harnesses.

Re: Layoffs at Block

#419
post #372

I wrote this, currently at -2 points, a mere 24 hours ago, as a response to simonw unbounded and unwarranted optimism: >>We're three years into the ChatGPT revolution now and so far the main observable impact on the craft that I care about is that I can build more ambitious things. >I think you refuse to extrapolate the obvious consequences and have forgotten (if you ever knew) how it's like to be in trenches. You pu…

The odd thing I find with folks championing AI, and those who have effectively laid themselves off from their own job and now are basically just glorified prompt engineers, is that you're just making yourself obsolete. AI will get better so much faster than you can adapt. One day you're happily vibe coding your 50th app, having other agents do your work for you. The next, you're worse than AI and you're redundant, an…

Are you criticizing the folks championing AI while… effectively championing the AI? What do you think people should do?

Re: Layoffs at Block

#420
post #398

> 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. Why are companies seeing it purely in terms of "we can work with a smaller team so we must" and not "my existing team can do so much more"?

Depends on the company, but I think it's fair to say that not every company has a roadmap to infinite growth.
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