Block's AI layoffs taught it to be a far more efficient company: CFO

Block, Inc. cut 40% of its workforce earlier this year as part of a broader push to adopt AI tools, CFO Amrita Ahuja said in an interview with Yahoo Finance Executive Editor Brian Sozzi. Ahuja said the reduction made Block a leaner, more efficient and more AI-centric company.

Block, Inc. XYZ https://finance.yahoo.com/quote/XYZ/ reduced its workforce by 40% earlier this year as it committed to a wider adoption of AI tools. Block CFO Amrita Ahuja sits down with Yahoo Finance Executive Editor Brian Sozzi to discuss this choice and the results from becoming a leaner, more AI-centric company.