Jack Dorsey's Block lays off 'large number' of staffers, adding to wave of tech-industry cuts
www.businessinsider.com
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.

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.

  • nick@midwest.socialEnglish
    43·
    11 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.socialEnglish
      28·
      11 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.worldEnglish
        131·
        11 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.socialEnglish
          3·
          11 months ago

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

  • northendtrooper@lemmy.caEnglish
    251·
    11 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.

  • AutoTL;DR@lemmings.worldBEnglish
    3·
    11 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!