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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: excitant clear nursing home affirmative action 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: Mahogany shrine doctorate 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: excitant clear nursing home affirmative action Just checked, no jobs open.
Stock is up 20% on the news. |
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Date: February 26th, 2026 5:05 PM Author: Yellow impertinent hissy fit *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: excitant clear nursing home affirmative action 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: Yellow impertinent hissy fit 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: Bonkers awkward spot * 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: cream vigorous boltzmann becky (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: Stimulating Aqua Degenerate Indirect Expression "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: excitant clear nursing home affirmative action 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: Yellow impertinent hissy fit 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: excitant clear nursing home affirmative action 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: drab messiness 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: bateful pozpig 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: Stimulating Aqua Degenerate Indirect Expression 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: excitant clear nursing home affirmative action 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: Stimulating Aqua Degenerate Indirect Expression 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: Razzle Background Story (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: bateful pozpig 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: Stimulating Aqua Degenerate Indirect Expression 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: Beta lime toaster 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: bateful pozpig 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: curious theatre regret 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: excitant clear nursing home affirmative action 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: Bonkers awkward spot 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: bateful pozpig 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: exhilarant fishy fat ankles 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: bateful pozpig 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: Hyperventilating twisted therapy trailer park 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: soggy tanning salon multi-billionaire (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: cracking elite stage fanboi 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: blue dog poop 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: bateful pozpig 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: blue dog poop 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: Adventurous university blood rage 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: blue dog poop 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: bateful pozpig (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: Bonkers awkward spot 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: Provocative Translucent Internal Respiration Garrison (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: Yellow impertinent hissy fit 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: Obsidian roast beef (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: cream vigorous boltzmann becky 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: Floppy Impressive Mental Disorder 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: House-broken red business firm marketing idea 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: Violet Fear-inspiring Lay National Security Agency 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: copper old irish cottage 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: Violet Fear-inspiring Lay National Security Agency 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: Shimmering House 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: exhilarant fishy fat ankles 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: Brilliant mad-dog skullcap 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: fluffy parlor 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: deep effete school cafeteria black woman (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: Yellow impertinent hissy fit 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: excitant clear nursing home affirmative action 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: drab messiness 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 |