The most prestigious law school admissions discussion board in the world.
|
 |
 
|
Square/CashApp lays off 40% of workforce due to AI "intelligence tools"
Poast new message in this thread
Date: February 26th, 2026 4:58 PM Author: Erotic sanctuary messiness https://x.com/jack/status/2027129697092731343 (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49697623) |
Date: February 26th, 2026 5:03 PM Author: Self-absorbed aphrodisiac rehab hehehhs 40% trying to find if they are hiring in india, 99% chance they are
i’m sorry to put you through this tp |
 |
Date: February 26th, 2026 5:06 PM Author: Erotic sanctuary messiness Just checked, no jobs open.
Stock is up 20% on the news. |
|
Date: February 26th, 2026 5:05 PM Author: lavender institution mad-dog skullcap *pulls up backwards chair* (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49697642) |
|
Date: February 26th, 2026 5:07 PM Author: Erotic sanctuary messiness lol. guys like him are the worst. fuck you and your all lower case email you faggot (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49697647) |
|
Date: February 26th, 2026 5:08 PM Author: lavender institution mad-dog skullcap we're not going to pretend these people never existed, you can message them goodbye in slack for the next couple of hours tp (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49697649) |
|
Date: February 26th, 2026 5:34 PM Author: boyish marketing idea * ends every sentence with, "right" * (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49697717) |
|
Date: February 26th, 2026 6:06 PM Author: Ultramarine school therapy (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49697787) |
|
Date: February 26th, 2026 5:05 PM Author: fragrant station athletic conference "you built what this company is today. that's a fact that i'll honor forever."
i hate GC so much its unreal |
|
Date: February 26th, 2026 5:08 PM Author: Erotic sanctuary messiness we don't hate these people enough. something must be done. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49697648) |
|
Date: February 26th, 2026 5:08 PM Author: lavender institution mad-dog skullcap in minecraft? (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49697651) |
|
Date: February 26th, 2026 5:26 PM Author: Erotic sanctuary messiness no in ovens (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49697707) |
|
Date: February 26th, 2026 5:11 PM Author: Nubile disturbing box office selfie it's really remarkable that square fucked up so badly. they such a huge head start over any other competitor. probably just eliminating the "square" part of the company to focus on cashapp, which is where all of their profit actually comes from (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49697658) |
|
Date: February 26th, 2026 5:17 PM Author: Brass address Why is this a tweet? (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49697677) |
|
Date: February 26th, 2026 5:21 PM Author: fragrant station athletic conference yeah. delivering this message via a manicured press release vetted by pr and legal would really soften the blow. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49697686) |
|
Date: February 26th, 2026 5:26 PM Author: Erotic sanctuary messiness this tweet was vetted by pr and legal (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49697705) |
|
Date: February 26th, 2026 5:35 PM Author: fragrant station athletic conference this would never get past that. this is an elon/donald esqe tweet straight from the source i believe. at the very least, i respect that. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49697723) |
|
Date: February 27th, 2026 11:04 AM Author: anal site patrolman (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49699313) |
|
Date: February 26th, 2026 5:29 PM Author: Brass address No I mean does he expect that all his employees follow him on Twitter and will see this? (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49697709) |
|
Date: February 26th, 2026 5:34 PM Author: fragrant station athletic conference i dont think someone stating something through one method and stating it from another are mutually exclusive. i doubt very much the laid off jeets will only be informed via this tweet. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49697719) |
|
Date: February 26th, 2026 6:22 PM Author: Beta gaped tattoo this is the public announcement. also communicated internally. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49697828) |
|
Date: February 26th, 2026 7:44 PM Author: Brass address His public announcement should be: “We’re cutting our costs by 40% which won’t affect our revenue.” Or was this his way of saying that? (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49698124) |
|
Date: February 26th, 2026 5:30 PM Author: talented menage One of my friends joined Square before the IPO and is now worth eight figures from that IPO (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49697712) |
|
Date: February 26th, 2026 5:31 PM Author: Erotic sanctuary messiness Btw who uses Cashapp? Isn't this what you use to pay prostitutes? (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49697713) |
|
Date: February 26th, 2026 5:35 PM Author: boyish marketing idea So pretty much all of XO?
It's fascinating how Jews have created an entire ecosystem for their needs. |
|
Date: February 26th, 2026 7:44 PM Author: Brass address Black people (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49698126) |
|
Date: February 26th, 2026 8:38 PM Author: Purple Marvelous Native this, i have it to pay for bball training (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49698297) |
|
Date: February 27th, 2026 1:30 AM Author: Brass address And I have to use it for... oh nevermind. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49698860) |
|
Date: February 26th, 2026 11:50 PM Author: Red trailer park They use it to buy plates. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49698768) |
|
Date: February 26th, 2026 5:32 PM Author: Passionate heaven background story (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49697714) |
|
Date: February 26th, 2026 5:32 PM Author: Violent Hall Internal Respiration i don't even know what "square" the company does lol not flame (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49697715) |
|
Date: February 26th, 2026 7:04 PM Author: dull supple cuckold I always thought it was SquareSoft, but I don't think that's right. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49698020) |
|
Date: February 26th, 2026 7:45 PM Author: Brass address It processes credit card payments. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49698127) |
|
Date: February 26th, 2026 7:48 PM Author: dull supple cuckold Like, at the gas pump or grocery checkout? (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49698132) |
|
Date: February 26th, 2026 9:04 PM Author: dead contagious personal credit line you know all those cutesy touchscreens prompting you to tip your sandwich artist 25%, 35%, 45%, or custom? those are powered by square. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49698380) |
|
Date: February 26th, 2026 9:07 PM Author: dull supple cuckold I'm happy to admit that I've never seen one of those. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49698395) |
|
Date: February 26th, 2026 11:49 PM Author: Brass address (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49698766) |
|
Date: February 26th, 2026 5:35 PM Author: boyish marketing idea what is the difference between square and block? (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49697722) |
|
Date: February 26th, 2026 5:42 PM Author: bearded mood prole (wordcel) (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49697731) |
|
Date: February 26th, 2026 8:30 PM Author: lavender institution mad-dog skullcap underrated poast (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49698269) |
|
Date: February 26th, 2026 8:55 PM Author: alcoholic turdskin (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49698352) |
|
Date: February 26th, 2026 6:04 PM Author: Ultramarine school therapy jack should probly just stfu (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49697785) |
|
Date: February 26th, 2026 6:07 PM Author: Racy elite parlor jew how many of these were Engineers compared to admin/excel monkeys? (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49697788) |
|
Date: February 26th, 2026 7:50 PM Author: opaque slippery national Western companies only employ Engineers and Women (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49698135) |
|
Date: February 26th, 2026 6:09 PM Author: motley lodge In 3 years from December 2019 to December 2022, Block $XYZ more than tripled its headcount from 3,900 to 12,500.
Unwinding less than half an insane COVID overhiring binge has much more to do with Jack Dorsey's managerial incompetence than whether AI is going to take your job.
https://x.com/bamabonds/status/2027142091596288314?s=46&t=YKr-jZOYUHE15Tew69wt4w
Seems like this is another “say AI is the reason for layoffs even though it’s not” event. Jack Dorsey seems dumb. |
|
Date: February 27th, 2026 1:44 AM Author: Beady-eyed medicated legal warrant hospital You say it's the reason for layoffs so your stock goes up more. It works. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49698867) |
|
Date: February 27th, 2026 2:37 AM Author: motley lodge Yes. lol at “the market”. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49698895) |
|
Date: February 26th, 2026 7:28 PM Author: Charismatic Hyperactive State Scourge Upon The Earth It always blows my mind how many people work in “payments” (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49698081) |
|
Date: February 26th, 2026 8:39 PM Author: Purple Marvelous Native tons of regulatory and security overhead (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49698305) |
|
Date: February 27th, 2026 11:02 AM Author: mentally impaired filthy theater https://x.com/123skely/status/2027287992348598350?s=61 (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49699308) |
|
Date: February 27th, 2026 11:06 AM Author: bat-shit-crazy bespoke property dingle berry this is cope, tons of engineers are being let go too (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49699318) |
|
Date: February 27th, 2026 11:10 AM Author: yapping histrionic home (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49699329) |
|
Date: February 27th, 2026 11:08 AM Author: lavender institution mad-dog skullcap for me, it's the first girl (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49699320) |
|
Date: February 27th, 2026 11:10 AM Author: Erotic sanctuary messiness good amount of truth in this (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2...id.#49699328) |
|
Date: February 27th, 2026 11:15 AM Author: Nubile disturbing box office selfie https://x.com/buccocapital/status/2027366252549726382
- TL:DR: Mostly about XYZ being poorly run. Not really about AI. But most other smidcap tech also poorly run. Expect many more cuts
- Below I tweeted that they only needed 60% of their company. That wasn’t a random number. Pull up any fintech/SaaS chart and you can see that employee count exploded when demand exploded in 2020. But now these companies are way too bloated - But, fuck me. I did not expect them to cut 40% at once. I think it’s basically impossible to identify the right 40% in one go. So huge operational risk there. But maybe better for morale than multiple cuts. Who knows. Unprecedented. Fuckin a. - We now have 2 examples of this happening with Jack, so it’s easy to say he runs a bad, bloated business. I have been vocal about this. Toast and Clover should not be anywhere near the scale they’re at. Tidal? Afterpay? Come on. Pretty sure he threw a $70M party for the team last year. There is a lot here that is just one bad management decision after another - I *also* think it’s a mistake to define this as purely a “Jack” issue. As I said, pull up the employee charts and the revenue charts. I’d say to pull up the earnings charts but for many they are negative, which we all know. These companies are way too bloated. And they are having their clocks cleaned by smaller, more nimble startups. They have to get lean to survive. I think the realistic, average number is 20-25% for many of these companies. But there are plenty that could cut 40% too. - I think this basically has nothing to do with AI. I bet there are some roles they can eliminate, and some where they can increase scope. Let’s call it 5%
---
I would expect they are cutting a fair number of every type of employee (including engineers), but the root cause of this is Jack's boneheaded move to basically create two companies inside of one. They just have way too many employees period relative to what's necessary |