Block, the company behind Square, Cash App and Afterpay, is cutting its staff by 40%. The reason: “intelligence tools,” according to a letter to shareholders by co-founder Jack Dorsey.
You know that thing where “business majors” entering a company will sell off assets and sabotage operations so they can cash out and fuck off wealthier while leaving a path of destruction in their wake?
I think they just found their newest toy.
They will purge all the productive personnel from a company, enabling them to pocket all the money they used to be wages while operations shamble onward for a few more steps before collapsing under their own weight.
Vaguely reminds me of some gruesome concept like replacing someone’s blood with some synthetic oxygen delivery substance and keep them only barely alive enough to also harvest their organs and sell off absolutely every organ and tissue structure in their body worth anything to the black market.
Such companies are already dead. They just don’t know it yet.
You know that thing where “business majors” entering a company will sell off assets and sabotage operations so they can cash out and fuck off wealthier while leaving a path of destruction in their wake?
I think they just found their newest toy.
They will purge all the productive personnel from a company, enabling them to pocket all the money they used to be wages while operations shamble onward for a few more steps before collapsing under their own weight.
Vaguely reminds me of some gruesome concept like replacing someone’s blood with some synthetic oxygen delivery substance and keep them only barely alive enough to also harvest their organs and sell off absolutely every organ and tissue structure in their body worth anything to the black market.
Such companies are already dead. They just don’t know it yet.
Just found it? Companies like Amazon have been doing layoffs under the guise of AI for a couple years now.