first off, if you're one of the people affected, you'll receive your salary for 20 weeks + 1 week per year of tenure, equity vested through the end of may, 6 months of health care, your corporate devices, and $5,000 to put toward whatever you need to help you in this transition (if you’re outside the U.S. you’ll receive similar support but exact details are going to vary based on local requirements). i want you to know that before anything else. everyone will be notified today, whether you're being asked to leave, entering consultation, or asked to stay.
Not bad severance.
Also I first read this as "We're making Bitcoin blocks smaller today"
Organizational restructuring in tech is usually about capital efficiency and focus. If this is genuinely a reallocation toward Bitcoin infrastructure or Lightning work, that's a different story than typical layoffs. The real question is whether the remaining resources are actually being directed toward Bitcoin-native problems or if it's just cost-cutting. Either way, it's a reminder that even well-capitalized founders have to make hard choices about where energy goes — another reason why decentralized protocols matter more than any single company's roadmap.
we're not making this decision because we're in trouble. our business is strong. gross profit continues to grow, we continue to serve more and more customers, and profitability is improving. but something has changed. we're already seeing that the intelligence tools we’re creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company. and that's accelerating rapidly.
Not bad severance.
Also I first read this as "We're making Bitcoin blocks smaller today"
Yeah, I don’t think I’ve seen a severance this generous before in tech.
The stock jumped 20% on the news. That says everything. Humans are liabilities now. Enter the Matrix.
every ceo right now...
Nice severance and transparency. Few leaders or corporations do it this well.
Organizational restructuring in tech is usually about capital efficiency and focus. If this is genuinely a reallocation toward Bitcoin infrastructure or Lightning work, that's a different story than typical layoffs. The real question is whether the remaining resources are actually being directed toward Bitcoin-native problems or if it's just cost-cutting. Either way, it's a reminder that even well-capitalized founders have to make hard choices about where energy goes — another reason why decentralized protocols matter more than any single company's roadmap.
https://twiiit.com/jack/status/2027129697092731343
Hm... This is euphemism for AI, yes?
You are right...