98
submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world

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.

top 13 comments
sorted by: hot top controversial new old
[-] nick@midwest.social 43 points 10 months ago

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.

[-] nick@midwest.social 28 points 10 months ago

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.

[-] partial_accumen@lemmy.world 12 points 10 months ago

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?"

[-] nick@midwest.social 3 points 10 months ago

I guarantee you someone thought they could reinvent istio. Historically square is HORRIBLE about “not invented here”

[-] garretble@lemmy.world 31 points 10 months ago

He makes all these cuts yet still can’t seem to cut that ugly beard.

[-] kurcatovium@lemm.ee 6 points 10 months ago

Oh come on! Ability to grow such a magnificent beard is his only quality!

[-] JeffKerman1999@sopuli.xyz 3 points 10 months ago

Uh, that beard is only on his neck

[-] kurcatovium@lemm.ee 3 points 10 months ago

That beard fills the whole picture. And the void in his body where soul used to be too.

[-] northendtrooper@lemmy.ca 24 points 10 months ago

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.

[-] IchNichtenLichten@lemmy.world 22 points 10 months ago* (last edited 10 months ago)

The SEC exists to give a sheen of legitimacy to the grift.

[-] SatanicNotMessianic@lemmy.ml 12 points 10 months ago

He looks so much like The Mandarin from Iron Man that it creeps me out.

[-] autotldr@lemmings.world 3 points 10 months ago

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!

[-] treadful@lemmy.zip 3 points 10 months ago

Damn, even BI is paywalled now?

this post was submitted on 31 Jan 2024
98 points (96.2% liked)

Technology

59689 readers
3143 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS