Dare ObasanjoMar 7

I have a friend who’s argued to me that AI tools will allow tech companies to do more with fewer people but those people will be paid than they are today as revenue per employee goes up.

I’ve been skeptical of their argument but Block laying off 40% of staff and giving those remaining a 75% raise has given me second thoughts.

https://www.businessinsider.com/block-employee-says-quit-retention-bonus-package-offer-2026-3

Block employee says the company dangled a 75% pay raise to get her to stay after layoffs — but she decided to quit

"I saw my company discard half of my peers and double my pay," the former Block employee wrote. "That's not an honor. It feels shameful."

Business Insider
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@carnage4life
I did the math. Assuming the 40% and 60% had the same average salary, they've ended spending 5% more on wages (which is very socialist of them), unless they mainly fired high-earning employees (in solidarity with the working class?).
Mar 7 at 1:55pmWeb