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Reply to "Block fires 50% of company, stock up 25% "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]https://www.bloomberg.com/news/articles/2026-02-26/jack-dorsey-s-block-slashes-nearly-half-of-workforce-in-ai-bet Get the lube ready. This is going to ripple thru the entire economy as ceos and boards understand the market will reward massive labor replacement [/quote] IBM just announced it was tripling entry-level hires. So. [/quote] Keyword "[b]announced[/b]" lol. [/quote] Why do you think that's funny? Explain it to me like I am five.[/quote] NP but it sounds like they think companies can "announce" anything they want-- "we are eco-sustainable" "we have a commitment to stopping global warming" "we support trans-people and women hockey players" but at the end of the day they don't necessarily follow through. So announcements, stock lifts are just good PR. Until everyone sees through it.[/quote] Fine. But why is that funny?[/quote]
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