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

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

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. u…