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Square/CashApp lays off 40% of workforce due to AI "intelligence tools"

https://x.com/jack/status/2027129697092731343
obsidian wild den roommate
  02/26/26
hehehhs 40% trying to find if they are hiring in india, 99% ...
tripping box office
  02/26/26
Just checked, no jobs open. Stock is up 20% on the news.
obsidian wild den roommate
  02/26/26
*pulls up backwards chair*
Chartreuse messiness lodge
  02/26/26
lol. guys like him are the worst. fuck you and your all lowe...
obsidian wild den roommate
  02/26/26
we're not going to pretend these people never existed, you c...
Chartreuse messiness lodge
  02/26/26
* ends every sentence with, "right" *
alcoholic organic girlfriend garrison
  02/26/26
...
Henna parlour
  02/26/26
"you built what this company is today. that's a fact th...
spectacular casino patrolman
  02/26/26
we don't hate these people enough. something must be done.
obsidian wild den roommate
  02/26/26
in minecraft?
Chartreuse messiness lodge
  02/26/26
no in ovens
obsidian wild den roommate
  02/26/26
it's really remarkable that square fucked up so badly. they ...
dead range roast beef
  02/26/26
Why is this a tweet?
Idiotic vibrant location liquid oxygen
  02/26/26
yeah. delivering this message via a manicured press release ...
spectacular casino patrolman
  02/26/26
this tweet was vetted by pr and legal
obsidian wild den roommate
  02/26/26
this would never get past that. this is an elon/donald esqe ...
spectacular casino patrolman
  02/26/26
...
contagious metal church twinkling uncleanness
  02/27/26
No I mean does he expect that all his employees follow him o...
Idiotic vibrant location liquid oxygen
  02/26/26
i dont think someone stating something through one method an...
spectacular casino patrolman
  02/26/26
this is the public announcement. also communicated internal...
unholy idiot blood rage
  02/26/26
His public announcement should be: “We’re cuttin...
Idiotic vibrant location liquid oxygen
  02/26/26
One of my friends joined Square before the IPO and is now wo...
Infuriating main people
  02/26/26
Btw who uses Cashapp? Isn't this what you use to pay prostit...
obsidian wild den roommate
  02/26/26
So pretty much all of XO? It's fascinating how Jews have ...
alcoholic organic girlfriend garrison
  02/26/26
Black people
Idiotic vibrant location liquid oxygen
  02/26/26
this, i have it to pay for bball training
French nursing home selfie
  02/26/26
And I have to use it for... oh nevermind.
Idiotic vibrant location liquid oxygen
  02/27/26
They use it to buy plates.
multi-colored area gaming laptop
  02/26/26
...
crawly razzle native becky
  02/26/26
i don't even know what "square" the company does l...
boyish business firm pisswyrm
  02/26/26
I always thought it was SquareSoft, but I don't think that's...
Curious Rigor Sweet Tailpipe
  02/26/26
It processes credit card payments.
Idiotic vibrant location liquid oxygen
  02/26/26
Like, at the gas pump or grocery checkout?
Curious Rigor Sweet Tailpipe
  02/26/26
you know all those cutesy touchscreens prompting you to tip ...
mustard soul-stirring plaza mother
  02/26/26
I'm happy to admit that I've never seen one of those.
Curious Rigor Sweet Tailpipe
  02/26/26
...
Idiotic vibrant location liquid oxygen
  02/26/26
what is the difference between square and block?
alcoholic organic girlfriend garrison
  02/26/26
(wordcel)
charcoal low-t dog poop pit
  02/26/26
underrated poast
Chartreuse messiness lodge
  02/26/26
...
bearded marvelous skinny woman
  02/26/26
jack should probly just stfu
Henna parlour
  02/26/26
how many of these were Engineers compared to admin/excel mon...
free-loading cowardly fortuitous meteor turdskin
  02/26/26
Western companies only employ Engineers and Women
fighting faggotry international law enforcement agency
  02/26/26
In 3 years from December 2019 to December 2022, Block $XYZ m...
Amethyst gaping
  02/26/26
You say it's the reason for layoffs so your stock goes up mo...
bateful voyeur
  02/27/26
Yes. lol at “the market”.
Amethyst gaping
  02/27/26
It always blows my mind how many people work in “payme...
Walnut boltzmann
  02/26/26
tons of regulatory and security overhead
French nursing home selfie
  02/26/26
https://x.com/123skely/status/2027287992348598350?s=61
Glittery Knife
  02/27/26
this is cope, tons of engineers are being let go too
Flesh fragrant stag film
  02/27/26
...
Motley godawful regret
  02/27/26
for me, it's the first girl
Chartreuse messiness lodge
  02/27/26
good amount of truth in this
obsidian wild den roommate
  02/27/26
https://x.com/buccocapital/status/2027366252549726382 -...
dead range roast beef
  02/27/26


Poast new message in this thread



Reply Favorite

Date: February 26th, 2026 4:58 PM
Author: obsidian wild den roommate

https://x.com/jack/status/2027129697092731343

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49697623)



Reply Favorite

Date: February 26th, 2026 5:03 PM
Author: tripping box office

hehehhs 40% trying to find if they are hiring in india, 99% chance they are

i’m sorry to put you through this tp

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49697636)



Reply Favorite

Date: February 26th, 2026 5:06 PM
Author: obsidian wild den roommate

Just checked, no jobs open.

Stock is up 20% on the news.

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49697644)



Reply Favorite

Date: February 26th, 2026 5:05 PM
Author: Chartreuse messiness lodge

*pulls up backwards chair*

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49697642)



Reply Favorite

Date: February 26th, 2026 5:07 PM
Author: obsidian wild den roommate

lol. guys like him are the worst. fuck you and your all lower case email you faggot

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49697647)



Reply Favorite

Date: February 26th, 2026 5:08 PM
Author: Chartreuse messiness lodge

we're not going to pretend these people never existed, you can message them goodbye in slack for the next couple of hours tp

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49697649)



Reply Favorite

Date: February 26th, 2026 5:34 PM
Author: alcoholic organic girlfriend garrison

* ends every sentence with, "right" *

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49697717)



Reply Favorite

Date: February 26th, 2026 6:06 PM
Author: Henna parlour



(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49697787)



Reply Favorite

Date: February 26th, 2026 5:05 PM
Author: spectacular casino patrolman

"you built what this company is today. that's a fact that i'll honor forever."

i hate GC so much its unreal

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49697643)



Reply Favorite

Date: February 26th, 2026 5:08 PM
Author: obsidian wild den roommate

we don't hate these people enough. something must be done.

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49697648)



Reply Favorite

Date: February 26th, 2026 5:08 PM
Author: Chartreuse messiness lodge

in minecraft?

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49697651)



Reply Favorite

Date: February 26th, 2026 5:26 PM
Author: obsidian wild den roommate

no in ovens

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49697707)



Reply Favorite

Date: February 26th, 2026 5:11 PM
Author: dead range roast beef

it's really remarkable that square fucked up so badly. they such a huge head start over any other competitor. probably just eliminating the "square" part of the company to focus on cashapp, which is where all of their profit actually comes from

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49697658)



Reply Favorite

Date: February 26th, 2026 5:17 PM
Author: Idiotic vibrant location liquid oxygen

Why is this a tweet?

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49697677)



Reply Favorite

Date: February 26th, 2026 5:21 PM
Author: spectacular casino patrolman

yeah. delivering this message via a manicured press release vetted by pr and legal would really soften the blow.

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49697686)



Reply Favorite

Date: February 26th, 2026 5:26 PM
Author: obsidian wild den roommate

this tweet was vetted by pr and legal

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49697705)



Reply Favorite

Date: February 26th, 2026 5:35 PM
Author: spectacular casino patrolman

this would never get past that. this is an elon/donald esqe tweet straight from the source i believe. at the very least, i respect that.

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49697723)



Reply Favorite

Date: February 27th, 2026 11:04 AM
Author: contagious metal church twinkling uncleanness



(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49699313)



Reply Favorite

Date: February 26th, 2026 5:29 PM
Author: Idiotic vibrant location liquid oxygen

No I mean does he expect that all his employees follow him on Twitter and will see this?

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49697709)



Reply Favorite

Date: February 26th, 2026 5:34 PM
Author: spectacular casino patrolman

i dont think someone stating something through one method and stating it from another are mutually exclusive. i doubt very much the laid off jeets will only be informed via this tweet.

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49697719)



Reply Favorite

Date: February 26th, 2026 6:22 PM
Author: unholy idiot blood rage

this is the public announcement. also communicated internally.

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49697828)



Reply Favorite

Date: February 26th, 2026 7:44 PM
Author: Idiotic vibrant location liquid oxygen

His public announcement should be: “We’re cutting our costs by 40% which won’t affect our revenue.” Or was this his way of saying that?

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49698124)



Reply Favorite

Date: February 26th, 2026 5:30 PM
Author: Infuriating main people

One of my friends joined Square before the IPO and is now worth eight figures from that IPO

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49697712)



Reply Favorite

Date: February 26th, 2026 5:31 PM
Author: obsidian wild den roommate

Btw who uses Cashapp? Isn't this what you use to pay prostitutes?

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49697713)



Reply Favorite

Date: February 26th, 2026 5:35 PM
Author: alcoholic organic girlfriend garrison

So pretty much all of XO?

It's fascinating how Jews have created an entire ecosystem for their needs.

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49697721)



Reply Favorite

Date: February 26th, 2026 7:44 PM
Author: Idiotic vibrant location liquid oxygen

Black people

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49698126)



Reply Favorite

Date: February 26th, 2026 8:38 PM
Author: French nursing home selfie

this, i have it to pay for bball training

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49698297)



Reply Favorite

Date: February 27th, 2026 1:30 AM
Author: Idiotic vibrant location liquid oxygen

And I have to use it for... oh nevermind.

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49698860)



Reply Favorite

Date: February 26th, 2026 11:50 PM
Author: multi-colored area gaming laptop

They use it to buy plates.

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49698768)



Reply Favorite

Date: February 26th, 2026 5:32 PM
Author: crawly razzle native becky



(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49697714)



Reply Favorite

Date: February 26th, 2026 5:32 PM
Author: boyish business firm pisswyrm

i don't even know what "square" the company does lol not flame

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49697715)



Reply Favorite

Date: February 26th, 2026 7:04 PM
Author: Curious Rigor Sweet Tailpipe

I always thought it was SquareSoft, but I don't think that's right.

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49698020)



Reply Favorite

Date: February 26th, 2026 7:45 PM
Author: Idiotic vibrant location liquid oxygen

It processes credit card payments.

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49698127)



Reply Favorite

Date: February 26th, 2026 7:48 PM
Author: Curious Rigor Sweet Tailpipe

Like, at the gas pump or grocery checkout?

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49698132)



Reply Favorite

Date: February 26th, 2026 9:04 PM
Author: mustard soul-stirring plaza mother

you know all those cutesy touchscreens prompting you to tip your sandwich artist 25%, 35%, 45%, or custom? those are powered by square.

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49698380)



Reply Favorite

Date: February 26th, 2026 9:07 PM
Author: Curious Rigor Sweet Tailpipe

I'm happy to admit that I've never seen one of those.

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49698395)



Reply Favorite

Date: February 26th, 2026 11:49 PM
Author: Idiotic vibrant location liquid oxygen



(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49698766)



Reply Favorite

Date: February 26th, 2026 5:35 PM
Author: alcoholic organic girlfriend garrison

what is the difference between square and block?

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49697722)



Reply Favorite

Date: February 26th, 2026 5:42 PM
Author: charcoal low-t dog poop pit

(wordcel)

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49697731)



Reply Favorite

Date: February 26th, 2026 8:30 PM
Author: Chartreuse messiness lodge

underrated poast

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49698269)



Reply Favorite

Date: February 26th, 2026 8:55 PM
Author: bearded marvelous skinny woman



(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49698352)



Reply Favorite

Date: February 26th, 2026 6:04 PM
Author: Henna parlour

jack should probly just stfu

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49697785)



Reply Favorite

Date: February 26th, 2026 6:07 PM
Author: free-loading cowardly fortuitous meteor turdskin

how many of these were Engineers compared to admin/excel monkeys?

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49697788)



Reply Favorite

Date: February 26th, 2026 7:50 PM
Author: fighting faggotry international law enforcement agency

Western companies only employ Engineers and Women

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49698135)



Reply Favorite

Date: February 26th, 2026 6:09 PM
Author: Amethyst gaping

In 3 years from December 2019 to December 2022, Block $XYZ more than tripled its headcount from 3,900 to 12,500.

Unwinding less than half an insane COVID overhiring binge has much more to do with Jack Dorsey's managerial incompetence than whether AI is going to take your job.

https://x.com/bamabonds/status/2027142091596288314?s=46&t=YKr-jZOYUHE15Tew69wt4w

Seems like this is another “say AI is the reason for layoffs even though it’s not” event. Jack Dorsey seems dumb.

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49697794)



Reply Favorite

Date: February 27th, 2026 1:44 AM
Author: bateful voyeur

You say it's the reason for layoffs so your stock goes up more. It works.

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49698867)



Reply Favorite

Date: February 27th, 2026 2:37 AM
Author: Amethyst gaping

Yes. lol at “the market”.

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49698895)



Reply Favorite

Date: February 26th, 2026 7:28 PM
Author: Walnut boltzmann

It always blows my mind how many people work in “payments”

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49698081)



Reply Favorite

Date: February 26th, 2026 8:39 PM
Author: French nursing home selfie

tons of regulatory and security overhead

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49698305)



Reply Favorite

Date: February 27th, 2026 11:02 AM
Author: Glittery Knife

https://x.com/123skely/status/2027287992348598350?s=61

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49699308)



Reply Favorite

Date: February 27th, 2026 11:06 AM
Author: Flesh fragrant stag film

this is cope, tons of engineers are being let go too

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49699318)



Reply Favorite

Date: February 27th, 2026 11:10 AM
Author: Motley godawful regret



(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49699329)



Reply Favorite

Date: February 27th, 2026 11:08 AM
Author: Chartreuse messiness lodge

for me, it's the first girl

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49699320)



Reply Favorite

Date: February 27th, 2026 11:10 AM
Author: obsidian wild den roommate

good amount of truth in this

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49699328)



Reply Favorite

Date: February 27th, 2026 11:15 AM
Author: dead range roast beef

https://x.com/buccocapital/status/2027366252549726382

- TL:DR: Mostly about XYZ being poorly run. Not really about AI. But most other smidcap tech also poorly run. Expect many more cuts

- Below I tweeted that they only needed 60% of their company. That wasn’t a random number. Pull up any fintech/SaaS chart and you can see that employee count exploded when demand exploded in 2020. But now these companies are way too bloated

- But, fuck me. I did not expect them to cut 40% at once. I think it’s basically impossible to identify the right 40% in one go. So huge operational risk there. But maybe better for morale than multiple cuts. Who knows. Unprecedented. Fuckin a.

- We now have 2 examples of this happening with Jack, so it’s easy to say he runs a bad, bloated business. I have been vocal about this. Toast and Clover should not be anywhere near the scale they’re at. Tidal? Afterpay? Come on. Pretty sure he threw a $70M party for the team last year. There is a lot here that is just one bad management decision after another

- I *also* think it’s a mistake to define this as purely a “Jack” issue. As I said, pull up the employee charts and the revenue charts. I’d say to pull up the earnings charts but for many they are negative, which we all know. These companies are way too bloated. And they are having their clocks cleaned by smaller, more nimble startups. They have to get lean to survive. I think the realistic, average number is 20-25% for many of these companies. But there are plenty that could cut 40% too.

- I think this basically has nothing to do with AI. I bet there are some roles they can eliminate, and some where they can increase scope. Let’s call it 5%

---

I would expect they are cutting a fair number of every type of employee (including engineers), but the root cause of this is Jack's boneheaded move to basically create two companies inside of one. They just have way too many employees period relative to what's necessary

(http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310734#49699341)