[Jack Dorsey Talks Again About Layoffs of Nearly 4,000 Due to AI: Admits Previous Over-Hiring, Future Goal is $2 Million Profit Per Employee] Odaily Planet Daily News: In response to community concerns that 'Block's layoffs were primarily due to over-hiring during the COVID-19 pandemic and poor management,' former Twitter founder Jack Dorsey responded on the X platform, stating, 'Yes, during the pandemic, we mistakenly established two independent company structures (Square and Cash App), which led to over-hiring. However, this issue was corrected by mid-2024. But this does not fully address the complexities we face in lending, banking, and BNPL. Our current goal is to achieve over $2 million gross profit per employee, which is four times the efficiency before the pandemic. This efficiency has remained around $500,000 from 2019 to 2024. In fact, we are operating a highly efficient company that outperforms most others.'