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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]It sounds like Block didn't need the workers it had anyway. Even without AI.[/quote] This is exactly it. The economy is beginning to stagnate, and layoffs will be rampant as a result. AI will just be the excuse because it's better than admitting that there's decreased demand for whatever your company does. Block has totally stagnated (its revenue was completely flat from December 2024 to December 2025), and that's why it's doing layoffs.[/quote] Maybe the CEO is the problem [/quote] He did push for the pivot from Square to Block, ie jump on crypto [/quote]
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