Intuit is shedding round 17 % of its world workforce, affecting almost 3,000 workers worldwide, as the corporate appears to be like to streamline operations and sharpen its concentrate on key progress areas, together with synthetic intelligence.
In accordance with an inside memo seen by Reuters, CEO Sasan Goodarzi knowledgeable workers on Wednesday that lowering complexity and simplifying the corporate’s construction would assist Intuit ship higher merchandise.
Intuit, which is scheduled to announce its third-quarter outcomes in a while Wednesday, didn’t instantly reply to a request for remark. The corporate’s shares have been down almost 5 % in morning buying and selling.
The transfer makes Intuit the most recent main firm to announce job cuts this yr. A number of companies, together with Jack Dorsey’s Block, Amazon and Pinterest, have additionally decreased their workforce, with some linking the cuts to improved effectivity pushed by AI.
In his electronic mail to workers, Goodarzi mentioned the layoffs would assist Intuit focus extra sharply on its greatest priorities, together with efforts to combine AI throughout its companies.
The corporate has signed multi-year offers with AI startups Anthropic and OpenAI to deliver their AI fashions into Intuit’s software program. It additionally plans to combine its personalised tax, finance, accounting and advertising capabilities into Claude and ChatGPT.
In accordance with the memo, the final working day for affected workers in the USA might be July 31. They may obtain 16 weeks of base pay, together with two extra weeks of pay for yearly served at Intuit, as a part of the severance bundle.
As a part of the restructuring, Intuit can be winding down its Reno and Woodland Hills places of work to consolidate groups in key hubs.
Intuit had about 18,200 workers throughout seven international locations as of July 31, 2025, based on the corporate’s annual report.
The newest layoffs come at a time when Silicon Valley workers are more and more nervous about AI-led job disruption.
In accordance with Layoffs.fyi, greater than 140 tech corporations have laid off over 111,000 workers up to now this yr. The determine stood at round 124,636 in 2025.
On the World Financial Discussion board’s annual assembly in January, two executives informed Reuters that some corporations might use AI as an excuse for layoffs they have been already planning.