931 Laid off at Block (Formerly Square) based on performance

He coulda just said "Cuz stonks".

Also see: "Dropbox Faces Pressure From Activist Investor to End Co-Founder’s Control" https://archive.is/j0EE8

  The proposal would require a majority vote for approval, meaning Houston’s support would be needed for it to pass. Houston currently has a roughly 77% voting stake

"The second and biggest bucket, 460 people, is for “performance” reasons, with Dorsey explaining that Block is laying off employees who score a “below” rating on the company’s internal performance tracking metrics, or were trending towards it."

Anyone who has ever worked at a big company knows this is bullshit. I think people would prefer to not be lied to like this.