Block Worker Says She Quit After Retention Bonus Offer
Business Insider • • business
Key Points:
- After laying off over 4,000 employees, Block offered retention packages to some remaining staff, including significant pay raises and bonuses, with one data scientist reporting a 75% pay increase plus a retention bonus totaling about a 90% compensation bump.
- Many laid-off and surviving employees expressed mixed feelings about the retention offers, with some viewing the pay hikes as shameful given the scale of layoffs, and others noting that AI-driven efficiencies did not prevent widespread job cuts.
- Block CEO Jack Dorsey framed the layoffs as part of a shift toward AI-driven productivity, suggesting smaller teams using advanced tools can achieve more, but some employees criticized this view, highlighting limited productivity gains and the dystopian impact of AI on job security.
