Product velocity is king, nostr:nprofile1qqsgydql3q4ka27d9wnlrmus4tvkrnc8ftc4h8h5fgyln54gl0a7dgspp4mhxue69uhkummn9ekx7mqpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqg4waehxw309aex2mrp0yhx6mmnw3ezuur4vgkhjsen edition
https://www.theguardian.com/technology/2025/mar/25/block-layoffs-jack-dorsey-cashapp-square-tidal
It seems like Jack has learned his lesson from Twitter.
When he was CEO at twitter it seemed like The Animals Ran The Zoo but now he's cracking down.
I don't think he's doing it to follow trends but real economic pressure is coming on all companies.
I hope he let the people down gracefully instead of removing the floor from under them.
But unfortunately business is brutal.
Every year, big companies do layoffs for tax incentives. This is all for tax purposes.
I'm not familiar with any particular tax rule that benefits employers laying off, or reducing their workforce.
If you don't mind sharing which one that is I'd like to read more.
Generally from what I understand companies hire a lot of fluff / fat to get favors from politicians, make the stock look strong, to have fodder, the practice is called Hire to Fire, generally speaking there's a lot of incompetent people that are working because companies are generally incentived to do so but when the economy gets really tight like it is now that's generally when they reduce employee count since the loss incurred is too great to subsidize.
