611–620 of 1001 posts
Sounds like a false dichotomy. The third option is that he could have kept them around. It would be financially feasible given that "our business is strong. gross profit continues to grow, we continue to serve more and more customers, and profitability is improving.".
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…
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Stoping trying to cope that AI/LLM augmented automation isn't to blame here. equities and profits are at all time highs, rates are still really low!! This has nothing to do with the cost of money. It doesn't matter if AI is effective at reducing head count, it only matters that decision makers believe it will! If they go on twitter and see "SWE is dead" "4th industrial revolution is here" ect ect, they will eventuall…
>Stoping trying to cope that AI/LLM augmented automation isn't to blame here. It's not cope. The math just isn't mathing. the efficiencies advertiesed don't match the layoff proportions. The earning call employment counts don't match with the idea that they are "downsizing" as a company (meanwhile, what semblence of truth we have left in the job numbers DO suggest that we lost a lot of white collar jobs in 2024/5). T…
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> I appreciate the one clean cut vs prolonged bleeding. That's a false dichotomy, you could reduce headcount via attrition which is better in some ways. There's also no reasoning on product impact. Is the strategy to cut products that aren't making money? Is the strategy to cut 40% across everyone because everyone can go faster? > Owning the decision Does it? It came across to me as an inevitability of AI, not "we ov…
You cannot attrite 40% of the company in 5 months, without creating an incredibly toxic environment. Dorsey knows this; ultimately he lost Twitter over his inability to right size it. I would bet dollars to donuts he promised himself he wouldn't do it again - under no circumstances is 40% cut over six months preferable to a clean fast cut.
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>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? To avoid laying them off in next year's job market. Dripping a 10% cut every year for the next four years when you *know* that you're going to do it is cowardice.
Nobody can know they will need to lay off 10% multiple years from now. So many things can change between now and then. For all Block knows, AI for coding kind of plateaus where it is now and there is a huge boom in software engineer hiring taking advantage of the new tech to produce even more/better features.
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> 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…
> I am in SFBA. Your reality may be different. With my current job search I've got the sense that sf is once again the place to be. Everything else kind of sucks, lots went back on remote work.
Took a quick look at their financials... I reckon this move is related to bitcoin doing poorly. A LOT of their revenue is bitcoin related and I reckon they realized they're going to have an absolute stinker of a Q1 '26 result...
> I reckon this move is related to bitcoin doing poorly. A LOT of their revenue is bitcoin related and I reckon they realized they're going to have an absolute stinker of a Q1 '26 result... I had to look this up - in the last 12 months total revenue was ~24 billion of which ~8.5 billion was from the Bitcoin "ecosystem"! Truly bizzare to stake your company on this... https://d18rn0p25nwr6d.cloudfront.net/CIK-000151267…
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> I appreciate the one clean cut vs prolonged bleeding. That's a false dichotomy, you could reduce headcount via attrition which is better in some ways. There's also no reasoning on product impact. Is the strategy to cut products that aren't making money? Is the strategy to cut 40% across everyone because everyone can go faster? > Owning the decision Does it? It came across to me as an inevitability of AI, not "we ov…
You cannot attrite 40% of the company in 5 months, without creating an incredibly toxic environment. Dorsey knows this; ultimately he lost Twitter over his inability to right size it. I would bet dollars to donuts he promised himself he wouldn't do it again - under no circumstances is 40% cut over six months preferable to a clean fast cut.
Earlier quoted context omitted.
Does the lowercase convey authenticity or lack of care?
Yes absolutely. Text casing is part of communication, by skipping it an author is saying: "I'm going to prioritise my preferences and making a statement above your understanding and clarity". The bigger the audience the more negative impact it has, and the more entitled the author appears. Along the same lines though, txt spk to friends is a) far lower impact with the smaller audience, and b) communicates other facto…
100% lower case is 100% a choice.
Thanks jack dorsey, for letting us know you're that sort of person. At least he refers to himself that way too, although he should sign off with: jack off.
Someone needs to have this conversation with him: https://www.youtube.com/watch?v=_K-L9uhsBLM