first off, if you're one of the people affected, you'll receive your salary for 20 weeks + 1 week per year of tenure, equity vested through the end of may, 6 months of health care, your corporate devices, and $5,000 to put toward whatever you need to help you in this transition (if you’re outside the U.S. you’ll receive similar support but exact details are going to vary based on local requirements). i want you to know that before anything else. everyone will be notified today, whether you're being asked to leave, entering consultation, or asked to stay.
Not bad severance.
Also I first read this as "We're making Bitcoin blocks smaller today"
I just cannot help but wonder since I first read this a few hours ago: of these 4000 soon to be ex-employees, how many of them are going to have the means to have the mentioned vibe coded designer-life (where you're the designer) that Jack envisions:
our customers will feel this shift too, and we're going to help them navigate it: towards a future where they can build their own features directly, composed of our capabilities and served through our interfaces.
How will each and every one of them afford this if every corporation is shrinking? Will they even need CashApp? Time to rewatch Elysium, I guess.
“we’re already seeing that the intelligence tools we’re creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company.”
This isn't a prediction about what might happen someday. This is OpenAI telling you, right now, that the AI they just released was used to create itself
This could made a AI skynet more efficient, making a better AI shit everytime or this is so sloppy they will have a big problem in the future to maintain this shit code like many bad wrote vibe code.
we're not making this decision because we're in trouble. our business is strong. gross profit continues to grow, we continue to serve more and more customers, and profitability is improving. but something has changed. we're already seeing that the intelligence tools we’re creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company. and that's accelerating rapidly.
Organizational restructuring in tech is usually about capital efficiency and focus. If this is genuinely a reallocation toward Bitcoin infrastructure or Lightning work, that's a different story than typical layoffs. The real question is whether the remaining resources are actually being directed toward Bitcoin-native problems or if it's just cost-cutting. Either way, it's a reminder that even well-capitalized founders have to make hard choices about where energy goes — another reason why decentralized protocols matter more than any single company's roadmap.
The stock jumped 20% on the news. That says everything. Humans are liabilities now. Enter the Matrix.
every ceo right now...
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He should fire LukeDashjr and Mechanic from OCEAN too.
Not bad severance.
Also I first read this as "We're making Bitcoin blocks smaller today"
Yeah, I don’t think I’ve seen a severance this generous before in tech.
I just cannot help but wonder since I first read this a few hours ago: of these 4000 soon to be ex-employees, how many of them are going to have the means to have the mentioned vibe coded designer-life (where you're the designer) that Jack envisions:
How will each and every one of them afford this if every corporation is shrinking? Will they even need CashApp? Time to rewatch Elysium, I guess.
Nice severance and transparency. Few leaders or corporations do it this well.
Something Big is Happening, Matt Shumer
This could made a AI
skynetmore efficient, making a better AI shit everytime or this is so sloppy they will have a big problem in the future to maintain this shit code like many bad wrote vibe code.Great link. Feels like a precursor to the Citrini 2028 article.
https://twiiit.com/jack/status/2027129697092731343
Cutting nearly half the staff is brutal for those affected, but this tweet shows how aggressively companies are leaning into automation and AI.
Hm... This is euphemism for AI, yes?
You are right...
Has a shareholder of Block it pains me to see this but I am glad they are getting a decent severance package
Organizational restructuring in tech is usually about capital efficiency and focus. If this is genuinely a reallocation toward Bitcoin infrastructure or Lightning work, that's a different story than typical layoffs. The real question is whether the remaining resources are actually being directed toward Bitcoin-native problems or if it's just cost-cutting. Either way, it's a reminder that even well-capitalized founders have to make hard choices about where energy goes — another reason why decentralized protocols matter more than any single company's roadmap.