Layoffs at Block

kept by eddie feb 27

Block cuts 40% of staff, citing AI-driven efficiency, but HN commenters suspect overhiring and poor stock performance.

Inside the Rolling Layoffs at Jack Dorsey’s Block
Block employees describe a deteriorating culture with ongoing rolling layoffs, mandatory generative AI use, and performance anxiety after hundreds were fired.
also on Cash App, Jack Dorsey, Block
we're making @blocks smaller today. here's my note to the company.####today we're making one of the hardest decisions in the history of our
Block is laying off nearly half its workforce (over 4,000 people) citing AI-driven efficiency, while claiming strong business fundamentals.
also on Jack Dorsey, Block, #employment, #tech-community, #business-strategy, #ai
Jack Dorsey is taking on Slack with Buzz, a group chat platform for teams and their AI agents
Jack Dorsey’s Block launches Buzz, an open‑source, model‑agnostic group chat that lets humans and AI agents collaborate alongside Slack‑style workflows and GitHub integration.
also on Jack Dorsey, Block
Opinion | I Worked for Block. Its A.I. Job Cuts Aren’t What They Seem. - The New York Times
Block's recent A.I.-related job cuts are argued to be a pretext for standard cost-cutting layoffs, masking traditional downsizing as technological progress.
also on Block, #employment, #business-strategy, #ai
10x is the new floor - by Nikunj Kothari - Balancing Act
AI tools have raised the baseline for individual productivity to the former 10x level, splitting the talent market and pressuring companies that rely on average performers.
also on Block, #employment, #ai