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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: Apoplectic point https://x.com/jack/status/2027129697092731343 (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49697623) |
Date: February 26th, 2026 5:03 PM Author: Canary site quadroon 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: Apoplectic point Just checked, no jobs open.
Stock is up 20% on the news. |
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Date: February 26th, 2026 5:05 PM Author: beady-eyed weed whacker spot *pulls up backwards chair* (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49697642) |
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Date: February 26th, 2026 5:07 PM Author: Apoplectic point 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#49697647) |
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Date: February 26th, 2026 5:08 PM Author: beady-eyed weed whacker spot 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#49697649) |
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Date: February 26th, 2026 5:34 PM Author: copper lodge * ends every sentence with, "right" * (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49697717) |
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Date: February 26th, 2026 6:06 PM Author: Salmon rehab (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49697787) |
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Date: February 26th, 2026 5:05 PM Author: Chrome very tactful box office "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: Apoplectic point we don't hate these people enough. something must be done. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49697648) |
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Date: February 26th, 2026 5:08 PM Author: beady-eyed weed whacker spot in minecraft? (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49697651) |
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Date: February 26th, 2026 5:26 PM Author: Apoplectic point no in ovens (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49697707) |
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Date: February 26th, 2026 5:11 PM Author: Flesh irradiated shrine 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#49697658) |
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Date: February 26th, 2026 5:17 PM Author: bespoke insane mood Why is this a tweet? (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49697677) |
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Date: February 26th, 2026 5:21 PM Author: Chrome very tactful box office 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#49697686) |
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Date: February 26th, 2026 5:26 PM Author: Apoplectic point this tweet was vetted by pr and legal (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49697705) |
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Date: February 26th, 2026 5:35 PM Author: Chrome very tactful box office 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#49697723) |
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Date: February 27th, 2026 11:04 AM Author: odious macaca coffee pot (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49699313) |
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Date: February 26th, 2026 5:29 PM Author: bespoke insane mood 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#49697709) |
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Date: February 26th, 2026 5:34 PM Author: Chrome very tactful box office 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#49697719) |
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Date: February 26th, 2026 6:22 PM Author: Lime business firm nowag this is the public announcement. also communicated internally. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49697828) |
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Date: February 26th, 2026 7:44 PM Author: bespoke insane mood 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#49698124) |
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Date: February 26th, 2026 5:30 PM Author: Gay excitant den 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#49697712) |
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Date: February 26th, 2026 5:31 PM Author: Apoplectic point 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#49697713) |
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Date: February 26th, 2026 5:35 PM Author: copper lodge 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: bespoke insane mood Black people (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49698126) |
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Date: February 26th, 2026 8:38 PM Author: adulterous 180 legal warrant station this, i have it to pay for bball training (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49698297) |
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Date: February 27th, 2026 1:30 AM Author: bespoke insane mood And I have to use it for... oh nevermind. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49698860) |
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Date: February 26th, 2026 11:50 PM Author: Histrionic rusted temple They use it to buy plates. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49698768) |
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Date: February 26th, 2026 5:32 PM Author: Dun Stirring Water Buffalo Mad-dog Skullcap (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49697714) |
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Date: February 26th, 2026 5:32 PM Author: Nighttime Impertinent Lay 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#49697715) |
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Date: February 26th, 2026 7:04 PM Author: crawly pit 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#49698020) |
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Date: February 26th, 2026 7:45 PM Author: bespoke insane mood It processes credit card payments. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49698127) |
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Date: February 26th, 2026 7:48 PM Author: crawly pit Like, at the gas pump or grocery checkout? (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49698132) |
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Date: February 26th, 2026 9:04 PM Author: abnormal marvelous dog poop 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#49698380) |
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Date: February 26th, 2026 9:07 PM Author: crawly pit 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#49698395) |
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Date: February 26th, 2026 11:49 PM Author: bespoke insane mood (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49698766) |
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Date: February 26th, 2026 5:35 PM Author: copper lodge what is the difference between square and block? (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49697722) |
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Date: February 26th, 2026 5:42 PM Author: Ivory locale (wordcel) (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49697731) |
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Date: February 26th, 2026 8:30 PM Author: beady-eyed weed whacker spot underrated poast (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49698269) |
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Date: February 26th, 2026 8:55 PM Author: cerebral wrinkle market (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49698352) |
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Date: February 26th, 2026 6:04 PM Author: Salmon rehab jack should probly just stfu (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49697785) |
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Date: February 26th, 2026 6:07 PM Author: Confused Hairraiser Pozpig Friendly Grandma how many of these were Engineers compared to admin/excel monkeys? (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49697788) |
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Date: February 26th, 2026 7:50 PM Author: shivering church building corn cake Western companies only employ Engineers and Women (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49698135) |
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Date: February 26th, 2026 6:09 PM Author: floppy bbw meetinghouse 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: Fuchsia aromatic pervert garrison 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#49698867) |
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Date: February 27th, 2026 2:37 AM Author: floppy bbw meetinghouse Yes. lol at “the market”. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49698895) |
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Date: February 26th, 2026 7:28 PM Author: adventurous sapphire nibblets trust fund It always blows my mind how many people work in “payments” (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49698081) |
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Date: February 26th, 2026 8:39 PM Author: adulterous 180 legal warrant station tons of regulatory and security overhead (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49698305) |
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Date: February 27th, 2026 11:02 AM Author: blathering trailer park indirect expression https://x.com/123skely/status/2027287992348598350?s=61 (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49699308) |
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Date: February 27th, 2026 11:06 AM Author: Spectacular home dysfunction this is cope, tons of engineers are being let go too (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49699318) |
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Date: February 27th, 2026 11:10 AM Author: self-centered narrow-minded sound barrier principal's office (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49699329) |
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Date: February 27th, 2026 11:08 AM Author: beady-eyed weed whacker spot for me, it's the first girl (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49699320) |
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Date: February 27th, 2026 11:10 AM Author: Apoplectic point good amount of truth in this (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2#49699328) |
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Date: February 27th, 2026 11:15 AM Author: Flesh irradiated shrine 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 |