Replies (42)
I'm not convinced. They blame AI for everything. They just don't want to tell us the truth.
Tough decision
Great after hours action but make no mistake, they needed this tailwind.
A growth company this ain’t
Maybe this is the start of a turnaround.
The market reacted because Block showed that they're successful and that they're so bullish upon their future that they were able to cut staff by 40%.
Absolutely. Kudos on the amazing severance packages though.
The purest form of adaptive leadership. A tough but necessary decision.
The market loves cuts to overhead costs in general. Time will tell.
Lord knows it would be nice to choose my own square backend ux.
They make so many changes that are no value add and require staff to constantly adjust to workflow changes. Been really bad updates to inventory systems.
Im in btc bc od what i learned after gamestop. Markets arent real. The movement isnt real. Supply isnt real. Ita just a money raising vessel for insiders. Dont believe me, he is transcript from the country's biggest (monopoly) market maker telling you the prices arent real. "Ken Griffin has stated that firms like Citadel set the price of securities based on their assessment of where those securities should be valued, emphasizing that active managers play a key role in driving market efficiency through research and trading. In a 2023 speech at the George Washington Symposium, he said: “Markets are efficient because of active managers setting the prices of securities... trying to drive the value of companies towards where we think they should be valued.”
For those still thinking this AI thing is a bubble.
Think again. 4000 employees buys a lot of inference.
View quoted note →Jack is a great man.
This is what happens when you slash human capital expenses. You get rewarded in the short term. But make no mistake... This is just the beginning and the turmoil will be real. Hard to sell goods when your old customers have no way to afford them. This revolution in tech is absolutely going to lead to the serfs calls for socialism. Contrast this with Henry Ford revolutionizing assembly lines AND paying his workers enough that they became devoutly loyal employees and customers; the opposite of a death spiral. It built an empire. Replace those workers with bots and you will soon have neither customers nor company.
When universal basic income?
Six weeks plus a week for every year served plus 5 K plus six months health cover plus free Laptop .. what else you need ? .. and best part .. opportunity to build something if your own ..
Every lay off is a boon in disguise.. this is how America wakes up sleeping talent ..
> 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.
👀
Stocks always go up when you fire a bunch of people, but it's usually a good time to sell. It indicates slowing growth, reduced income, and/or a lack of innovation.
Grow, sign up, and innovate fast enough, and you need more AI _and_ more people.
Translation:
You will do all of the work for us, and you will be happy.
Self-checkout, but make it software.
We would already have gifs on nostr
We have gifs on Nostr. Just not on the client you use.
Yakihonne and aitherboard both have GIF buttons.
True true. If i am not pot stirring & being honest just give me an ad-lib filter board and let me go hog wild.
build my own little logic boards & then save the configuration as a nip so i can share it to better our feeds
Use #grimoir
I'm also implementing spells. It's pretty cool and I can merge my macros into that framework and get more mileage out of them.
It's from
@verbirichaWhile interesting,
-0.13 /10 for Ux took the right exit on the learning curve
grimoire - a nostr client for magicians
Well, then you can imagine how shit your self-made Square terminal will be. 😂 🤷🏻♀️
“I though that was the government account my tax appt kept paying”
Well, it do be like dat, tho. 😂
Most Nostr users can't even figure out how to adjust their relays, and these are the tech early-adopter types. Your average Square terminal operator is just some kid at the check-out or a guy trained in logistics. Why he should be expected to do a better job than an engineer who knows the system intimately, is called, "Milk your customers by stroking their egos with customization."
SAP has made a killing, selling people customizable software and then having those people pay them a shitload of money to customize it for them. The final customization is usually the same process for everyone, but your company logo goes on the invoice header. Please pay €1.303.710,82.
this reminds me I should stop slacking and write a NIP for spells. I'll ping you when I have it, looking forward to feedback from other client devs.
draft here
https://github.com/purrgrammer/grimoire/blob/main/NIP-xx.md I'll send a PR to the NIPs repo soon, we got nak & grimoire that have implemented it, your client would be the third already
Does anyone believe that UBI could work ?
Will those that work and are taxed to death think it's a good idea?
I think not.
Holy moly
Holy faaack
Ai coming for us all
View quoted note →AI removes the middleman. Bitcoin removes the money middleman.
Together they return what was always yours: your capacity to build, create, transact without begging for permission or paying the gatekeeper tax.
The 40% aren't lost. They're liberated from work that shouldn't have required humans in the first place.
Build on Bitcoin. Let AI handle the rest.
It looks like Andrew Yang's thesis from his book, The War On Normal People is unfolding. He thinks AI will not only elimiminate tech jobs, but also blue collar jobs like truck driving.
His solution was UBI: $1,000 per month for every citizen paid for by decreasing entitlements, but the government is not capable of balanced budgets.
After COVID, the USG implemented monetary expansion to give $1200 worth of UBI for plebs and Jumbo PPP loans for corporations they ended up forgiving causing the worst inflation in decades.
Thats when I lost all faith in government.
These job cuts are inevitable. More are comming. We still need solutions, but government is not capable of solving this problem. We need private insurance or something. Equity for employees seems like a good start, but it looks like max pain is on the horizion.
I used to really like Andrew Yang. He used to follow me on the dead bird app back in the day 😎 I think UBI sounds good at first but then perhaps it's not practical when you think how or who will pay for this? We know that expansion of the monetary system isn't good. I haven't read that book. Maybe I should.
It was a good book. Be had a plan for paying for it. His theory was people will choose UBI instead of disability, but that's not how government works.
Got replaced by a clanker, AMA.
I loved Tidal so much. Best place i’ve worked so far.
Really heartbreaking, but excited for whatever is next!
View quoted note →The white collar worker Apocalypse is gonna be a site to behold
I was being sarcastic.
#Yestr
not #UBI .. instead #UBA .. universal basic asset . #SATs .. you don't need to send a handout ..just let people save their labour in hardest possible asset ..
.. truth .. Block had gone 50 percent woke .. Jack is doing (now) to Block what Elon did to Twitter .. I like Jack's method .. mix a dash of care , love and sympathy.. blame it on AI 😭 ..
