The Last Finance Job
Finance jobs will end. Block laid off 4,000 people because of AI. Goldman Sachs is using AI to automate accounting. Here's what comes next for every CFO.
Block, the company behind Square and Cash App, laid off 4,000 people on Thursday because of AI.
That’s nearly half the company, wiped out in a single announcement.
Their fourth-quarter gross profit jumped 24%.
Cash App surged 33%.
They raised full-year guidance to $12.2 billion in gross profit.
The company is doing great, but they just don’t need the people anymore.
Jack Dorsey said it with confidence:
4,000 careers ended and investors threw a party.
The stock surged 24% overnight.
Every CEO, board member and investor saw that number.
He’s not alone.
Microsoft AI chief Mustafa Suleyman told the Financial Times that most white-collar tasks, including accounting specifically, will be fully automated within 12 to 18 months.
Anthropic CEO Dario Amodei warned that AI could wipe out half of all entry-level white-collar jobs.
JPMorgan’s Jamie Dimon said people will be working three-and-a-half-day weeks within a generation.
These aren’t bloggers. These are the people building the tools and running the banks.
If you’re a CFO reading this, what happened at Block is coming for your team next.
You must prepare.
I spent the whole week researching this. Talking to CFOs and CFOTech founders. Listening to interviews on YouTube. Going through podcasts.
Five patterns kept showing up everywhere I looked.
And they all point in the same direction.
Here’s what every CFO must understand right now.
Let’s dive in.
Your CEO Wants AI
This isn’t a one-time layoff.
