Jack Dorsey’s "Oops" Moment: A $2M Per Person Reality Check 🤡📈
The internet is calling out Jack Dorsey for "managerial incompetence" after his insane COVID hiring spree (from 3k to 12k staff). But Jack didn't just apologize—he dropped a bomb.
Here is the breakdown of the "Jack Dorsey School of Business":
The Confession: "Yeah, I messed up. I built two separate companies (Square & Cash App) instead of one. My bad.
The "Efficiency" Pivot: While critics cry about "over-hiring," Jack is looking at the bottom line. He’s targeting $2,000,000 in gross profit per person.
The Brutal 4X: Pre-COVID efficiency was $500k/person. Now? He wants 4x that.
The Degen Interpretation:
Jack isn't firing 4,000 people because he's "sad." He’s doing it because he realized he can squeeze 4x the profit out of a smaller, AI-powered team. He basically admitted that the extra 4,000 people were just a "structural error" he finally corrected.
Verdict: In the 2026 tech world, you’re either an "Elite Operator" producing $2M for the boss, or you’re a "COVID-era mistake" waiting for a pink slip. Jack isn't playing nice anymore; he's playing for the margins. 📉🤖