The alarming aspect of Block's layoffs today isn't that it only involved 40% at once,
nor is it that it was a large-scale layoff during a period of rapid company growth and increasing profits.
What's truly frightening is the surge in the company's stock price after the layoffs, indicating that the financial market is rewarding this behavior.
This suggests that such layoffs could enter a spiral of escalation.
The 10% unemployment rate over 28 years mentioned in the Citrini report is clearly insignificant in the eyes of capital markets.