[vessenes]

You cannot attrite 40% of the company in 5 months, without creating an incredibly toxic environment. Dorsey knows this; ultimately he lost Twitter over his inability to right size it. I would bet dollars to donuts he promised himself he wouldn't do it again - under no circumstances is 40% cut over six months preferable to a clean fast cut.

[ezfe]

Voluntary severance/ERO is possible without a bad culture. I’ve seen it done, people love it.

[fireant]

Doesn't that make people with best opportunities (most skilled workers) leave and people with least opportunities (least skilled workers) stay?

Personally if I was offered 6+ months of severance I just couldn't justify staying even in the best companies I've been at.

[SoftTalker]

What is the age distribution of employees at Block? I'd guess it skews quite young. You won't have much natural attrition or interest in early retirement. And in this job market, voluntary severance is also not very attractive.

[danpalmer]

Sure but 5 months isn't the comparison. They state that they're cutting early. We don't know the exact position, but perhaps over 2-3 years would be ok, and 40% in 3 years isn't unheard of, particularly in the valley, and particularly with incentives.

[croisillon]

a donut costs way more than a dollar so losing your bet makes you win?

[vessenes]

I like donuts too so..checkmate