If they didn’t have AI to blame, they’d call this a pivot (and the subtext would be they’re running out of funding). It’s not about AI.
Jack Dorsey’s Block to Lay Off 40% of Its Workforce in AI Remake
Submitted 2 months ago by futurk@feddit.org to technology@lemmy.world
https://www.wsj.com/business/jack-dorseys-block-to-lay-off-4-000-employees-in-ai-remake-28f0d869
Comments
CompactFlax@discuss.tchncs.de 2 months ago
state_electrician@discuss.tchncs.de 2 months ago
Fucking asshole. We really do need to change the way we run businesses. Mainly by removing all billionaires.
glowie@infosec.pub 2 months ago
This is literally any business. My CEO is not even a millionaire but we had to cut staff. It’s about shit leadership.
ugandan_airways@lemmy.zip 2 months ago
Jack Dorsey is such a fucking dork. A walking stereotype.
smeg@infosec.pub 2 months ago
It has nothing to do with AI.
They bet big on crypto and it hasn’t paid off for years. They continued hiring. Their stock has been flat or lowering for the past five years. They continued hiring.
Rekall_Incorporated@piefed.social 2 months ago
This is definitely senior goons at Block engaging in some opportunistic PR.