Twitter co-founder Jack Dorsey responded to the issue of Block layoffs by stating that the company did experience overhiring during the pandemic, which was due to setting Square and Cash App as two separate corporate structures at the time. This issue has been corrected by mid-2024. He said the current goal is to achieve a gross profit of over $2 million per employee, approximately four times the pre-pandemic efficiency.
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Twitter co-founder Jack Dorsey responded to the issue of Block layoffs by stating that the company did experience overhiring during the pandemic, which was due to setting Square and Cash App as two separate corporate structures at the time. This issue has been corrected by mid-2024. He said the current goal is to achieve a gross profit of over $2 million per employee, approximately four times the pre-pandemic efficiency.