[mikeevans]

Describing it as a “party” feels misleading. It was a company-wide offsite for an essentially fully remote organization.

Was it necessary? Probably not. But I found the in-person time valuable, especially with teammates I’d never met face to face.

Source: I was there

[darth_avocado]

And was the in person time more valuable than not having those people you met in your team moving forward?

[guywithahat]

I will say, to his credit, he has tried to make it clear the cuts weren't about money but do to tech and organizational shifts. https://x.com/jack/status/2027129697092731343?s=20

He phrases it as due to redundant overhead for cashapp and square, plus a move to smaller, flatter teams as a result of AI. Not saying he's going to be right just that they're profitable and I believe this isn't a money thing.

[upmind]

How did they manage to spend 68M on it? Genuinely asking or is the number not accurate as it is clumped together with other stuff?

[mikeevans]

I don't know what event planning costs but running an event for ~10k people that includes flights, hotels, food, event space, etc. is expensive I guess.

[thesurlydev]

Like any good company off-site. Strippers and steaks

[dang]

Ok, we've taken the party out of the title above. Thanks for the first-hand information.

[croes]

What does the wording matter?

The crucial point is, was it an unnecessary expense?

[ta9000]

Were you laid off?

[darth_avocado]

I’m going to take a wild guess that the answer is no