Tech Layoffs Are Not Because of Slop, They're an Effect of a Rotting Economy and Tech Giants Being Too Deep in Debt
Block is rapidly sinking in debt, just like Twitter:
Dorsey is another "bro" or charlatan. Trying hard to rebrand himself as an amazing genius by growing a long and inconvenient grey beard after he had created a US weapon based on SMS as a starting point (this rebranding helped him get loans to build another company that loses endless sums of money).
Microsoft, and other GAFAM companies, is deep in debt and there are mass layoffs at Microsoft this month (it tried to hide this, to no avail).
Jack Dorsey may be a highly convincing liar (he sold a company deep in debt and with no profit to another liar, MElon, to render himself a billionaire), but Block is laying off almost half of its staff not because of slop but because the company is an utter failure.
The corporate media helped Dorsey lie about the whole thing. By doing so, the media helped prop up the "AI" pyramid scheme.
When will the public deserve and get honest media that doesn't just parrot the "official narrative" ("replaced by AI" etc.) from Dorsey, whose main skill seems to be getting money from investors - money to be lost? Set aside the fact that Block promotes shady economics. █