... That's $7,000 per employee. I want to hear more about this party :D
A gift basket that includes fancy mixed nuts, some luxury soaps, a 96 core Epyc CPU, and a coupon book to local restaurants.
Block spent $68M on a company offsite in September 2025
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Re: Block spent $68M on a company offsite in September 2025
#12Food $200 Data $150 Rent $800 Party $68,000,000 Utility $150 someone who is good at the economy please help me budget this. my company is dying
Often embezzlement cases include crazy expenses.
Just put in my mind by the grift and corruption posts that are currently trending on HN front page right now.
Re: Block spent $68M on a company offsite in September 2025
#13You can call it a 'party' if you want, but a company-wide in-person event is a) valuable, and b) expensive.
Calling an all-hands a party without any supporting evidence feels willfully negligent.
Re: Block spent $68M on a company offsite in September 2025
#14Food $200 Data $150 Rent $800 Party $68,000,000 Utility $150 someone who is good at the economy please help me budget this. my company is dying
haha my brain went like...
"ok.. but was it a party for all 9,000 people?"
"maybe they had great caterers"
... then I did the math. It's $7.5k per employee.
Clearly I'm just not creative enough to know how to waste money like an SV company.
Re: Block spent $68M on a company offsite in September 2025
#15... That's $7,000 per employee. I want to hear more about this party :D
I got curious as well, because the craziest party poor me can imagine would clock in at maybe half that, including travel. All I could find: > The three-day festival in downtown Oakland featured performances by Jay-Z, Anderson .Paak, T-Pain, and Soulja Boy, and brought 8,000 employees from around the globe. So that'd make it 8.5k per person. Building stages, paying permits, hiring acts like these, I bet that's where…
Don't underestimate travel + hotels + airport transfers when you're paying corporate prices
Re: Block spent $68M on a company offsite in September 2025
#16Food $200 Data $150 Rent $800 Party $68,000,000 Utility $150 someone who is good at the economy please help me budget this. my company is dying
Well, the layoff post explicitly said that the company’s financial health was good.
Re: Block spent $68M on a company offsite in September 2025
#17that's where the innovation happens
Re: Block spent $68M on a company offsite in September 2025
#18You can call it a 'party' if you want, but a company-wide in-person event is a) valuable, and b) expensive. Calling an all-hands a party without any supporting evidence feels willfully negligent.
$68M/10000 employees = $6800/1 employee
A lot? Not a lot? Don’t know anymore.
Re: Block spent $68M on a company offsite in September 2025
#19laying of 50% of your workforce is the obvious solution. next year the party will only be $34 million. repeat that 4 more times and you get down to just over $4 million.
Kinda how it worked for my last full time job. Full on all-hands which flew all the remote workers in, and my lead made 2 guesses: "Either we've been acquired or the IP has been cancelled". I guess the sad part is that an acquisition wouldn't guarantee I wouldn't be laid off anyway.
Re: Block spent $68M on a company offsite in September 2025
#20Block had more than 4000 employees? Rarely hear of it.