Block CFO Defends Job Cuts Due to AI Adaptation; Silicon Valley Executives Predict Increased Mass Layoffs

Block’s Chief Financial Officer and Chief Operating Officer Amrita Ahuja defended the San Francisco-based payments company’s mass layoffs due to AI adaptation and called the shift inevitable. “We’re seeing an inevitability around productivity gains and what that means for us as a business,” she said at the WSJ CFO Council Summit in Palo Alto, California, […]