I think two things are true

1. Block is not a well run company.

2. Jack Dorsey’s layoffs at Block will give tech companies make similar AI-driven workforce changes. Similar to how Elon’s cuts at Twitter in 2022, kicked off a wave of layoffs and animosity towards tech employees that hasn’t abated.

@carnage4life The test will be to see if 6 months from now they've hired a bunch of those people back.
@kevindente @carnage4life I don’t think that will happen tbh. Many tech companies way over-hired during the COVID years and the market has been flooded with entry level applicants since. Seeing fresh college grads get 200k around 2021 in some cases was absolutely ridiculous.