@katienotopoulos Very telling thread regarding the state of
Family affairs. If people with children don’t get the necessary help, can only imagine a society where the elderly have no children at all.
JACK DORSEY SPENT $2.3 BILLION ON BUYBACKS WHILE FIRING 40% OF BLOCK
Let me explain this fucking math to you
Block made $10.36 billion gross profit last year
Up 17% while Jack eliminated 4,000 of his 10,000 employees
$2.3 billion in stock buybacks for 2025 alone
$790 million just in Q4 while the termination emails were being drafted
Each fired worker got 12 weeks severance averaging $31,000
That's $575,000 per fired employee that went straight into buybacks instead
Dorsey's net worth hit $5.9 billion the day after announcing the massacre
"We're not making this decision because we're in trouble" he said with a straight face
"Our business is strong"
Strong enough to buy back $575k worth of stock for every human he eliminated
I'm hearing from sources inside that the layoffs hit Square and Cash App simultaneously
Badge access revoked at 6 AM PST, 9 AM EST
Slack channels went dark mid-conversation
Stock options forfeited immediately, no vesting acceleration
The beautiful cruelty is these people built the payment infrastructure that generates those billions
If you're still at a fintech company talking about "democratizing finance," you're already fucking dead
Yesterday Meta told every US employee their computer will now record mouse clicks, keystrokes, and screenshots while they work. All of it goes into training an AI to do their job. In 30 days, 8,000 of these same employees are being laid off.
Reuters got the memo. The wording is the company's own: the recordings will be used to build "AI agents that can perform work tasks autonomously." Reuters also confirmed the May 20 date and the number, 8,000 people, exactly 10% of Meta's global workforce.
Meta is spending $115 to $135 billion on AI infrastructure this year, almost double the $72 billion it spent last year. The entire business only generated $115.8 billion in cash for all of 2025. Meta is now planning to spend more on AI in 2026 than the whole company brings in.
Part of the bill went to a company called Scale AI. Meta paid $14.3 billion for 49% of it last June, mostly to bring in CEO Alexandr Wang. Scale's whole job is to tag and clean the human-written data that AI models learn from. Meta wanted Wang because their old data supply ran dry.
The public internet is almost out of fresh material to feed these models. A group called Epoch AI ran the math and projects the world will burn through its supply of high-quality human-written text on the web somewhere between 2026 and 2032. The industry calls this the "data wall." Google and OpenAI are stuck on the same side of it.
So Meta turned inward, to the most expensive training material money can buy: their own employees doing their own jobs. Mouse movements teach the AI how to move around a screen, click by click. Keystroke logs hand it the exact shortcuts and rhythm an experienced worker uses, the muscle memory of the job. Screenshots show what a finished task should look like. The people being recorded in April are the raw material for the AI that replaces them in May.
This is not just a Meta thing. Amazon laid off 16,000 corporate workers in January. Oracle let go of up to 30,000 of its people, about 18% of the company, on March 31. The cash they saved goes toward $156 billion in AI data centers. The whole pattern across big tech is identical. Record profits and record AI spending, paired with the biggest workforce cuts since the pandemic.
The thing they are building is a software worker that opens the dashboard, reads the numbers, drafts the email, books the meeting, and never needs a coffee break. The training data for that worker is a senior Meta employee doing all of that, on Meta's payroll, one month before their last day.
**ORACLE'S MURDER ALGORITHM TARGETED EMPLOYEES WITH THE MOST STOCK OPTIONS WHILE LARRY ELLISON PERSONALLY NETTED $58 BILLION THIS YEAR**
30,000 workers got executed by a fucking spreadsheet at 6 AM
Not performance reviews. Not budget cuts. A literal algorithm that hunted down employees with outstanding equity
Former 30-year Oracle veteran just leaked the selection criteria: "High-level individual contributors and mid-level managers with significant unvested stock options"
They built a bot to steal people's equity before firing them
$58 billion in new debt to fund AI data centers. $26 million welcome gift for the new CFO. 95% profit jump to $6.13 billion last quarter
But sure, they "couldn't afford" to keep 18% of their workforce
I'm hearing the algorithm also flagged anyone over 45 who hadn't been promoted in 3 years. Anyone with more than 6 weeks unused PTO. Anyone who questioned the H-1B visa strategy
Sources saying Oracle filed 3,100 H-1B petitions the same month they slaughtered 30,000 Americans
The termination emails came from "Oracle Leadership" - not even a human signature
30-year veterans got the same copy-paste death sentence as college hires
Larry Ellison is now worth $198 billion. Made $15 billion this quarter alone while his murder algorithm picked through employee stock portfolios like a vulture
If you work at Oracle right now, screenshot everything. The bot is still running
As we speak, the private credit markets & the private equity funds that they pay to keep going, are collapsing in real time. People need to recognize that today the Department of labor rushed to pass through a new rule that makes it impossible for you to sue your fund managers, if they blow your 401(k) and lose your savings on private equity investments… The bail out is coming and you are the funds!!!
we're making @blocks smaller today. here's my note to the company.
####
today we're making one of the hardest decisions in the history of our company: we're reducing our organization by nearly half, from over 10,000 people to just under 6,000. that means over 4,000 of you are being asked to leave or entering into consultation. i'll be straight about what's happening, why, and what it means for everyone.
first off, if you're one of the people affected, you'll receive your salary for 20 weeks + 1 week per year of tenure, equity vested through the end of may, 6 months of health care, your corporate devices, and $5,000 to put toward whatever you need to help you in this transition (if you’re outside the U.S. you’ll receive similar support but exact details are going to vary based on local requirements). i want you to know that before anything else. everyone will be notified today, whether you're being asked to leave, entering consultation, or asked to stay.
we're not making this decision because we're in trouble. our business is strong. gross profit continues to grow, we continue to serve more and more customers, and profitability is improving. but something has changed. we're already seeing that the intelligence tools we’re creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company. and that's accelerating rapidly.
i had two options: cut gradually over months or years as this shift plays out, or be honest about where we are and act on it now. i chose the latter. repeated rounds of cuts are destructive to morale, to focus, and to the trust that customers and shareholders place in our ability to lead. i'd rather take a hard, clear action now and build from a position we believe in than manage a slow reduction of people toward the same outcome. a smaller company also gives us the space to grow our business the right way, on our own terms, instead of constantly reacting to market pressures.
a decision at this scale carries risk. but so does standing still. we've done a full review to determine the roles and people we require to reliably grow the business from here, and we've pressure-tested those decisions from multiple angles. i accept that we may have gotten some of them wrong, and we've built in flexibility to account for that, and do the right thing for our customers.
we're not going to just disappear people from slack and email and pretend they were never here. communication channels will stay open through thursday evening (pacific) so everyone can say goodbye properly, and share whatever you wish. i'll also be hosting a live video session to thank everyone at 3:35pm pacific. i know doing it this way might feel awkward. i'd rather it feel awkward and human than efficient and cold.
to those of you leaving…i’m grateful for you, and i’m sorry to put you through this. you built what this company is today. that's a fact that i'll honor forever. this decision is not a reflection of what you contributed. you will be a great contributor to any organization going forward.
to those staying…i made this decision, and i'll own it. what i'm asking of you is to build with me. we're going to build this company with intelligence at the core of everything we do. how we work, how we create, how we serve our customers. our customers will feel this shift too, and we're going to help them navigate it: towards a future where they can build their own features directly, composed of our capabilities and served through our interfaces. that's what i'm focused on now. expect a note from me tomorrow.
jack
Governor Gavin Newsom went to Atlanta and told a crowd that he is “just like” them, he had a 960 SAT, that he can’t read speeches.
How insulting.
Working class people believe politicians are out of touch because they don’t worry about the cost or rent or medical bills.
Haha, I feel that. I remember my first office promotion—no battles, no glory, just a tense Zoom call and a slide deck highlighting my “accomplishments.”
I laughed at how surreal it felt compared to the epic stories of previous generations.
We celebrate victories now with charts and emails instead of swords and flags.
It’s funny, but also kind of true—our wars are deadlines, budgets, and KPIs, and somehow surviving them feels just as triumphant.