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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

#41
Describing it as a “party” feels misleading. It was a company-wide offsite for an essentially fully remote organization.

Was it necessary? Probably not. But I found the in-person time valuable, especially with teammates I’d never met face to face.

Source: I was there

Re: Block spent $68M on a company offsite in September 2025

#42

You 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.

Maybe it’s just me, but I think being able to retain more employees is more valuable than flying the entire company for an in person event.

One could argue a smaller number of employees that are more motivated and feel connected to their coworkersis better than a more employees that are all isolated and "meh".

Re: Block spent $68M on a company offsite in September 2025

#43

He 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.

Cynicism can be optimism when the prevailing narrative is doom and gloom.

How is the competing narrative of cutting teams that were working on non-core or experimental projects falsified by any of this? Why wouldn't they put a brave face on that and chalk it up to AI? You can see how the stock market has rewarded it.

Re: Block spent $68M on a company offsite in September 2025

#44

Describing it as a “party” feels misleading. It was a company-wide offsite for an essentially fully remote organization. Was it necessary? Probably not. But I found the in-person time valuable, especially with teammates I’d never met face to face. Source: I was there

How did they manage to spend 68M on it? Genuinely asking or is the number not accurate as it is clumped together with other stuff?

Re: Block spent $68M on a company offsite in September 2025

#45

Describing it as a “party” feels misleading. It was a company-wide offsite for an essentially fully remote organization. Was it necessary? Probably not. But I found the in-person time valuable, especially with teammates I’d never met face to face. Source: I was there

And was the in person time more valuable than not having those people you met in your team moving forward?

Re: Block spent $68M on a company offsite in September 2025

#46

He 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.

One key piece of financial information in those reports is that that their revenue growth fell off a cliff when ZIRP ended (months before ChatGPT came out) and never recovered to even pre-Covid levels. There's no indication that their core business is unhealthy, and I'm not claiming to rule out that AI is related, but it makes sense that a company transitioning to "maintenance mode" might find itself wanting to be a lot smaller.

Re: Block spent $68M on a company offsite in September 2025

#47
post #42

Earlier quoted context omitted.

Maybe it’s just me, but I think being able to retain more employees is more valuable than flying the entire company for an in person event.

One could argue a smaller number of employees that are more motivated and feel connected to their coworkersis better than a more employees that are all isolated and "meh".

Nothing inspires people to feel motivated and connected more than layoffs.

Re: Block spent $68M on a company offsite in September 2025

#48
post #44

Describing it as a “party” feels misleading. It was a company-wide offsite for an essentially fully remote organization. Was it necessary? Probably not. But I found the in-person time valuable, especially with teammates I’d never met face to face. Source: I was there

How did they manage to spend 68M on it? Genuinely asking or is the number not accurate as it is clumped together with other stuff?

I don't know what event planning costs but running an event for ~10k people that includes flights, hotels, food, event space, etc. is expensive I guess.

Re: Block spent $68M on a company offsite in September 2025

#50
post #42

Earlier quoted context omitted.

One could argue a smaller number of employees that are more motivated and feel connected to their coworkersis better than a more employees that are all isolated and "meh".

Nothing inspires people to feel motivated and connected more than layoffs.

You have fewer people you worked with, a constant threat of unemployment and more work? Sign me up for that boss

/s

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