Jack Dorsey's Block lays off 'large number' of staffers, adding to wave of tech industry cuts
(www.businessinsider.com)
from L4s@lemmy.world to technology@lemmy.world on 31 Jan 2024 16:00
https://lemmy.world/post/11410481
from L4s@lemmy.world to technology@lemmy.world on 31 Jan 2024 16:00
https://lemmy.world/post/11410481
Jack Dorsey’s Block lays off ‘large number’ of staffers, adding to wave of tech industry cuts::Dorsey told staff in a Tuesday memo that a “large number” of Block employees, including those at Cash App and Square, were being laid off.
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This is the best summary I could come up with:
The cofounder and CEO who previously ran Twitter told Block staff on Tuesday that the financial-tech company was letting go of “a large number of our teammates,” according to a note viewed by Business Insider.
This is Block’s second layoff in two months, with the company in December laying off 40 people working on the music-streaming app Tidal.
Dorsey did say that the layoffs focused on Block workers at Cash App, Foundational, and Square.
While Block’s staff was told to expect cuts, along with drastic changes to how performance would be evaluated going forward, in previous notes, Dorsey made it seem as though the process would occur over several months.
“We decided it would be better to do at once rather than arbitrarily space them out, which didn’t seem fair to the individuals or to the company,” Dorsey said in his Tuesday note.
Google and Amazon made significant cuts to head count, while Meta is slimming down in a more roundabout way by eliminating certain job titles and telling affected workers they can reapply.
The original article contains 411 words, the summary contains 174 words. Saved 58%. I’m a bot and I’m open source!
He makes all these cuts yet still can’t seem to cut that ugly beard.
Oh come on! Ability to grow such a magnificent beard is his only quality!
Uh, that beard is only on his neck
That beard fills the whole picture. And the void in his body where soul used to be too.
Former employee here, quit in 2017 after 8 years.
I am watching hundreds of people stream in to the “square mafia” slack as 11+ year tenured people are shitcanned.
Extremely depressing.
Meanwhile, very few people are left who know how Linux actually works, which is why they had that massive outage last year; turns out adding over 100k iptables rules to every server in the data center is a bad idea.
“Hey, I bet we could get the benefits of Istio by using iptables. What could go wrong?”
I guarantee you someone thought they could reinvent istio. Historically square is HORRIBLE about “not invented here”
He looks so much like The Mandarin from Iron Man that it creeps me out.
At what point would SEC come in and investigate these tech layoffs in relation to their stock price. The sheep following of these companies is just batshit insane to me.
The SEC exists to give a sheen of legitimacy to the grift.
Damn, even BI is paywalled now?