📢 Twitter founder Jack personally steps in to apologize for the Block layoffs! He straightforwardly admits: During the pandemic, due to the independent structures of Square and Cash App, mistakes were made in building the systems, leading to overhiring! The structures have been integrated by mid-2024, but the addition of lending, banking, and BNPL services has drastically increased complexity. The current target is a gross profit per person of over $2 million, which is four times the $500,000 from 2019-2024!
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📢 Twitter founder Jack personally steps in to apologize for the Block layoffs! He straightforwardly admits: During the pandemic, due to the independent structures of Square and Cash App, mistakes were made in building the systems, leading to overhiring! The structures have been integrated by mid-2024, but the addition of lending, banking, and BNPL services has drastically increased complexity. The current target is a gross profit per person of over $2 million, which is four times the $500,000 from 2019-2024!