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> Jack Dorsey wises up, fires half the useless techie shytbags on his payroll, and proceeds to make bank

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#1 Yesterday 04:40:13

Jack Dorsey wises up, fires half the useless techie shytbags on his payroll, and proceeds to make bank

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#2 Yesterday 04:49:27

Re: Jack Dorsey wises up, fires half the useless techie shytbags on his payroll, and proceeds to make bank

Block just FIRED 4,000 people.

Nearly half the company, gone in a single day.

The reason Jack Dorsey gave? AI can do their jobs now.

But here’s what nobody’s talking about.

200 days ago, Block threw a party.

Not a regular company party.

A three day festival in downtown Oakland with Jay-Z, Anderson, Paak, T-Pain and Soulja Boy on stage.

8,000 employees flew in from around the world.

The bill was around $68 million.

This showed up in Block’s own earnings filing.

“General and administrative expenses increased by $68.1 million… primarily driven by an in-person company event held in Q3 2025.”

Then, 200 days later, Dorsey posted a letter on X.

“We’re reducing our organization by nearly half.”

From 10,000 employees to under 6,000.

Over 4,000 people were told to leave.

His explanation was simple.

AI tools “can do more and do it better.”

He said he had two choices: cut slowly or rip the band-aid off.

He ripped it.

And Wall Street? They cheered.

Block stock surged 24% after hours.

Investors made billions in a single evening.

Every dollar tied directly to 4,000 people losing their paychecks.

This is how corporate America works now.

Dorsey says Block isn’t in trouble.

The business is “strong.”

Gross profit hit $10 billion last year, revenue was $24 billion.

The company is profitable but the people were just optional.

And here’s the part that should concern everyone.

Dorsey didn’t just announce layoffs.

He also issued a warning.

“Within the next year, I believe the majority of companies will reach the same conclusion and make similar structural changes.”

He’s saying every major company will follow.

And if you’re a white-collar worker in 2026, you’re the one being “restructured.”

Block hired thousands during the pandemic boom.

Headcount doubled from 5,000 to over 10,000 in five years.

Now they’re cutting back to where they started.

Was this really about AI? Or about fixing years of executive mismanagement and calling it innovation?

One thing is undeniable.

A company that spent $68 million on a party just told 4,000 people their labor is worth less than a machine.

And the market rewarded them for it.

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SamplesBoi
#3 Yesterday 04:53:43

Re: Jack Dorsey wises up, fires half the useless techie shytbags on his payroll, and proceeds to make bank

Papa John's did some layoffs recently from their HQ staff of 700.

700.

To run a pizza business.

I could run that with 50.

HQ staffs have a tendency to become very bloated in our country.

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#4 Yesterday 04:56:12

Re: Jack Dorsey wises up, fires half the useless techie shytbags on his payroll, and proceeds to make bank

What the fuq is 'Block'? lol

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