Comment on Block ditches 4,000 staff, because AI can do their jobs
veeesix@lemmy.ca 1 week ago
He decided to let 4,000 people go all at once because “repeated rounds of cuts are destructive to morale, to focus, and to the trust that customers and shareholders place in our ability to lead.”
Ah yes, the Thanos Snap Method.
scrubbles@poptalk.scrubbles.tech 1 week ago
They always claim it’s AI. In my experience they want to sell, and their operations budget just got halved so they look extremely profitable.
Because fuck those people’s livelihood, there’s money to be made!
Also why you should never trust private equity. Because they’ll buy this company, come in, realize what just happened, and their solution will be to… cut more people and pawn the company off on yet another firm.