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Square/CashApp lays off 40% of workforce due to AI "intelligence tools"
Poast new message in this thread
Date: February 26th, 2026 4:58 PM Author: deranged station https://x.com/jack/status/2027129697092731343 (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310844#49697623) |
Date: February 26th, 2026 5:03 PM Author: Overrated puce mother circlehead hehehhs 40% trying to find if they are hiring in india, 99% chance they are
i’m sorry to put you through this tp |
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Date: February 26th, 2026 5:06 PM Author: deranged station Just checked, no jobs open.
Stock is up 20% on the news. |
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Date: February 26th, 2026 5:05 PM Author: very tactful double fault mexican *pulls up backwards chair* (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310844#49697642) |
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Date: February 26th, 2026 5:07 PM Author: deranged station 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=5310844#49697647) |
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Date: February 26th, 2026 5:08 PM Author: very tactful double fault mexican 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=5310844#49697649) |
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Date: February 26th, 2026 5:34 PM Author: Irate up-to-no-good filthpig cruise ship * ends every sentence with, "right" * (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310844#49697717) |
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Date: February 26th, 2026 6:06 PM Author: free-loading glittery theater stage (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310844#49697787) |
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Date: February 26th, 2026 5:05 PM Author: Pearly stirring locus "you built what this company is today. that's a fact that i'll honor forever."
i hate GC so much its unreal |
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Date: February 26th, 2026 5:08 PM Author: deranged station 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=5310844#49697648) |
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Date: February 26th, 2026 5:08 PM Author: very tactful double fault mexican in minecraft? (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310844#49697651) |
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Date: February 26th, 2026 5:26 PM Author: deranged station no in ovens (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310844#49697707) |
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Date: February 26th, 2026 5:11 PM Author: garnet sandwich potus 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=5310844#49697658) |
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Date: February 26th, 2026 5:17 PM Author: Salmon Menage Skinny Woman Why is this a tweet? (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310844#49697677) |
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Date: February 26th, 2026 5:21 PM Author: Pearly stirring locus 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=5310844#49697686) |
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Date: February 26th, 2026 5:26 PM Author: deranged station this tweet was vetted by pr and legal (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310844#49697705) |
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Date: February 26th, 2026 5:35 PM Author: Pearly stirring locus 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=5310844#49697723) |
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Date: February 27th, 2026 11:04 AM Author: saffron hospital fanboi (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310844#49699313) |
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Date: February 26th, 2026 5:29 PM Author: Salmon Menage Skinny Woman 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=5310844#49697709) |
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Date: February 26th, 2026 5:34 PM Author: Pearly stirring locus 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=5310844#49697719) |
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Date: February 26th, 2026 6:22 PM Author: High-end boyish lettuce this is the public announcement. also communicated internally. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310844#49697828) |
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Date: February 26th, 2026 7:44 PM Author: Salmon Menage Skinny Woman 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=5310844#49698124) |
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Date: February 26th, 2026 5:30 PM Author: Flatulent impressive legend 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=5310844#49697712) |
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Date: February 26th, 2026 5:31 PM Author: deranged station 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=5310844#49697713) |
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Date: February 26th, 2026 5:35 PM Author: Irate up-to-no-good filthpig cruise ship So pretty much all of XO?
It's fascinating how Jews have created an entire ecosystem for their needs. |
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Date: February 26th, 2026 7:44 PM Author: Salmon Menage Skinny Woman Black people (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310844#49698126) |
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Date: February 26th, 2026 8:38 PM Author: Hyperventilating principal's office this, i have it to pay for bball training (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310844#49698297) |
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Date: February 27th, 2026 1:30 AM Author: Salmon Menage Skinny Woman And I have to use it for... oh nevermind. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310844#49698860) |
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Date: February 26th, 2026 11:50 PM Author: Bearded Excitant Crotch They use it to buy plates. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310844#49698768) |
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Date: February 26th, 2026 5:32 PM Author: Turquoise magical national organic girlfriend (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310844#49697714) |
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Date: February 26th, 2026 5:32 PM Author: Offensive vigorous trailer park twinkling uncleanness 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=5310844#49697715) |
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Date: February 26th, 2026 7:04 PM Author: Umber Field 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=5310844#49698020) |
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Date: February 26th, 2026 7:45 PM Author: Salmon Menage Skinny Woman It processes credit card payments. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310844#49698127) |
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Date: February 26th, 2026 7:48 PM Author: Umber Field Like, at the gas pump or grocery checkout? (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310844#49698132) |
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Date: February 26th, 2026 9:04 PM Author: Razzle-dazzle ape orchestra pit 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=5310844#49698380) |
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Date: February 26th, 2026 9:07 PM Author: Umber Field 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=5310844#49698395) |
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Date: February 26th, 2026 11:49 PM Author: Salmon Menage Skinny Woman (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310844#49698766) |
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Date: February 26th, 2026 5:35 PM Author: Irate up-to-no-good filthpig cruise ship what is the difference between square and block? (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310844#49697722) |
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Date: February 26th, 2026 5:42 PM Author: kink-friendly passionate boiling water halford (wordcel) (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310844#49697731) |
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Date: February 26th, 2026 8:30 PM Author: very tactful double fault mexican underrated poast (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310844#49698269) |
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Date: February 26th, 2026 8:55 PM Author: Aphrodisiac grizzly space scourge upon the earth (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310844#49698352) |
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Date: February 26th, 2026 6:04 PM Author: free-loading glittery theater stage jack should probly just stfu (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310844#49697785) |
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Date: February 26th, 2026 6:07 PM Author: iridescent stubborn partner forum 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=5310844#49697788) |
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Date: February 26th, 2026 7:50 PM Author: Rose Resort Athletic Conference Western companies only employ Engineers and Women (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310844#49698135) |
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Date: February 26th, 2026 6:09 PM Author: Narrow-minded plaza 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. |
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Date: February 27th, 2026 1:44 AM Author: dashing step-uncle's house keepsake machete 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=5310844#49698867) |
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Date: February 27th, 2026 2:37 AM Author: Narrow-minded plaza Yes. lol at “the market”. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310844#49698895) |
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Date: February 26th, 2026 7:28 PM Author: Obsidian 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=5310844#49698081) |
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Date: February 26th, 2026 8:39 PM Author: Hyperventilating principal's office tons of regulatory and security overhead (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310844#49698305) |
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Date: February 27th, 2026 11:02 AM Author: Lavender Brunch Community Account https://x.com/123skely/status/2027287992348598350?s=61 (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310844#49699308) |
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Date: February 27th, 2026 11:06 AM Author: filthy water buffalo masturbator 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=5310844#49699318) |
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Date: February 27th, 2026 11:10 AM Author: exciting translucent indian lodge affirmative action (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310844#49699329) |
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Date: February 27th, 2026 11:08 AM Author: very tactful double fault mexican for me, it's the first girl (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310844#49699320) |
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Date: February 27th, 2026 11:10 AM Author: deranged station good amount of truth in this (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310844#49699328) |
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Date: February 27th, 2026 11:15 AM Author: garnet sandwich potus 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%
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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 |