https://www.kron4.com/news/bay-area/dorseys-block-formerly-square-to-slash-1000-jobs/amp/
When you think they have 12000 people, it is not a surprise cut.
That’s for square, cashapp, afterpay, tidal and all of the other stuff
What's worse is that the company is planning to execute these layoffs over several months till end of 2024. Wondering if it's a deliberate plan to force people to quit on their own and save on severance
It seems like it. If I worked at Block, I would be scrambling to get out.
And they were hiring last month
I had recruiters from Convoy reach out to me the day before it shut down
I'll say it once. Elon is going to buy Block. Buy call options for 2025.
He just wants to ruin Jack Dorsey
Not before Parag takes over as the new CEO
Genuinely curious for those who work at Block: do yall think Jack Dorsey is a good leader?
Block stock down in shit
This was announced almost a week ago..
Block recruiter just reached out to me for an interview. What is going on in this company?
Truth is attrition alone will cover the reduction.
Timeline is ‘by the end of 2024’.
This is like: “OK, we’ve decided to reduce the size but we actually don’t have a concrete plan yet. Let’s have a year to plan and execute it.”