Food $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
you don't need to get that fancy dijon mustard. Definitely can cut down on the food bill.
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
#22There is a big difference between a single party and a company wide offsite. Those can get quite expensive (airfare, hotels, food, etc)
Side note: I have no idea what Block does and why they need 10,000 employees anyway.
Re: Block spent $68M on a company offsite in September 2025
#23You 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.
At the cited $340000 salary, it amounts to around the same as one extra week of vacation for everyone.
Re: Block spent $68M on a company offsite in September 2025
#24You 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.
Can it be that valuable when 40% of the participants aren't?
Re: Block spent $68M on a company offsite in September 2025
#25He said very specifically that the layoffs weren’t for financial reasons, and they are publicly traded company so you can just look at the reports. Anyone who thinks this wasn’t because of AI has a level of optimism I’ll never achieve.
Re: Block spent $68M on a company offsite in September 2025
#26You 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.
Seems plausible. Travel (some international), hotels, taxis, venues, food, and entertainment. It adds up. Probably not a single day event.
Re: Block spent $68M on a company offsite in September 2025
#27The $68M number comes from a statement that says their General and Administrative expenses were up year over year and the growth was primarily driven by an in-person company event.
The Tweet extrapolates to assume that the entire difference was due to the event and calls it a "party"
Even if we assume 100% of the increase was due to the event, that's about $6800 per employee, or about a week or two of pay for developers.
This includes flights, lodging, and food for remote employees. That adds up fast.
This is just Twitter ragebait.
Re: Block spent $68M on a company offsite in September 2025
#28... That's $7,000 per employee. I want to hear more about this party :D
It was an in-person event, so flights, lodging, and food could have easily consumed a lot of that.
Running events is expensive when you have to fly your remote employees in and house them for multiple days.
Re: Block spent $68M on a company offsite in September 2025
#29Earlier quoted context omitted.
$68M/10000 employees = $6800/1 employee A lot? Not a lot? Don’t know anymore.
Seems plausible. Travel (some international), hotels, taxis, venues, food, and entertainment. It adds up. Probably not a single day event.
If you account the employee wages into it, then it really adds up.
Re: Block spent $68M on a company offsite in September 2025
#30You 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.
It's on the high side, but...honestly not absurd? "Party" implies one night rager, but the source says "in-person company event." That seems more like a multi-day company onsite to me, and the total bill per person there probably includes travel, accommodations, food on top of any overall event costs.
Bringing a remote employee to SF just to work out of an office for a few days can easily cost a few grand.