Jack Dorsey’s Block to Lay Off 40% of Its Workforce in AI Remake
https://www.wsj.com/business/jack-dorseys-block-to-lay-off-4-000-employees-in-ai-remake-28f0d869
https://www.wsj.com/business/jack-dorseys-block-to-lay-off-4-000-employees-in-ai-remake-28f0d869
7 Comments
smeg@infosec.pub · 35 pts · 172d
It has nothing to do with AI.
They bet big on crypto and it hasn't paid off for years. They continued hiring. Their stock has been flat or lowering for the past five years. They continued hiring.
Rekall_Incorporated@piefed.social · 6 pts · 172d
This is definitely senior goons at Block engaging in some opportunistic PR.
CompactFlax@discuss.tchncs.de · 22 pts · 172d
If they didn’t have AI to blame, they’d call this a pivot (and the subtext would be they’re running out of funding). It’s not about AI.
state_electrician@discuss.tchncs.de · 11 pts · 172d
Fucking asshole. We really do need to change the way we run businesses. Mainly by removing all billionaires.
glowie@infosec.pub · -1 pts · 171d
This is literally any business. My CEO is not even a millionaire but we had to cut staff. It’s about shit leadership.
breadguy@kbin.earth · -2 pts · 171d
thousandaires suck at leadership and fire people all the time too
ugandan_airways@lemmy.zip · 4 pts · 171d
Jack Dorsey is such a fucking dork. A walking stereotype.