alt Hacker News> i'd rather take a hard, clear action now and build from a position we believe in than manage a slow reduction of people toward the same outcome.
I hope this gets drilled into the heads of everyone who sells their labor. The company is profitable, and Jack could have kept 4000 people employed with no difference in outcome, instead, he chose this.
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Backers probably told him to. I can't open LinkedIn any day without trending posts that engineers can hands off to LLMs. That must tilt some ideas to investors who see winners as ways to balance their losses.
How magnanimous of him to let us all know of his magnanimity!
i don't think this is true.
assuming $150,000 average salary thats around $600,000 totally so that increases the yearly profit by about 30%.
what exactly is your point? you misinterpreted what he said. he just said that all 4K were being fired, and he would rather do it in one cut than gradually. he did not say the company's outcome would be different with those 4k vs. not
Block isn't a jobs program, and employees cost money. Layoffs suck (I got laid off last year) but the reality is that it's a business and regardless of profitability, if you're not worth more than your salary you're a liability. The severance given is quite generous and fair. My biggest issue is that Block should never have grown so big in the first place.