Business Finance Media Technology Policy Wealth Insights Interviews

Art Art Fairs Art Market Art Reviews Auctions Galleries Museums Interviews

Lifestyle Nightlife & Dining Style Travel Interviews

Power Index Nightlife & Dining Art A.I. PR

About About Observer Advertise With Us Reprints

Block CFO Amrita Ahuja Defends Jack Dorsey’s A.I.-Driven Layoffs

After cutting 4,000 roles, Amrita Ahuja says peers are “coming out of the woodwork” to study Block’s A.I.-first strategy.

Block’s decision to cut 40 percent of its staff in February shocked many in Silicon Valley, but the company says the move was the culmination of a long-planned shift toward A.I.-driven operations, not a spur-of-the-moment cost cut. “This has been a two-year journey for us,” Amrita Ahuja, Block’s chief financial officer and chief operating officer, said at the WSJ CFO Council in Palo Alto, Calif., today (March 24). “Now, we’ve built enough A.I. use cases that we have the confidence that we can do remarkable work, and actually do it much faster.”

Sign Up For Our Daily Newsletter

Thank you for signing up!

By clicking submit, you agree to our

© Observer