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Intuit is laying disconnected about 17% of its workforce, oregon astir 3,000 employees worldwide, to streamline operations and sharpen absorption connected its cardinal bets including its AI efforts, according to an interior memo seen by Reuters connected Wednesday.
CEO Sasan Goodarzi sent an email to unit earlier successful the day, saying that reducing complexity and simplifying the operation would assistance it deliver amended products, according to the memo and a root acquainted with the matter.
Intuit did not instantly instrumentality a petition for comment. Its shares were down astir 5% successful greeting trading.
It joins a increasing database of companies that person announced occupation cuts this year, with immoderate blaming the layoffs connected higher efficiencies brought connected by AI, including Jack Dorsey’s Block, Amazon and Pinterest.
Goodarzi said successful his email the layoffs would assistance Intuit sharpen its absorption connected the company’s large bets, including efforts to infuse AI exertion crossed its services.
The institution has signed multi-year deals with AI startups Anthropic and OpenAI to integrate their AI models into its software, and adhd Intuit’s personalized tax, finance, accounting and selling capabilities into Claude and ChatGPT.
The past time for impacted unit successful the United States volition beryllium July 31 and they volition person 16 weeks of basal wage and 2 other weeks for each twelvemonth astatine Intuit arsenic portion of the severance package, the memo connected Wednesday showed.
The institution is besides winding down its Reno and Woodland Hills offices arsenic portion of a strategical restructuring to consolidate teams successful cardinal hubs, according to the memo.
Intuit had astir 18,200 employees successful 7 countries arsenic of July 31, 2025, according to the company’s yearly report.
Silicon Valley employees person grown progressively acrophobic about AI disruption successful recent months aft implicit 140 tech companies laid disconnected much than 111,000 employees this year, according to Layoffs.fyi, a website tracking sector-wide occupation cuts. The fig was astir 124,636 for 2025.
At the World Economic Forum’s yearly gathering successful January, 2 executives told Reuters that AI would beryllium utilized arsenic an excuse by companies that were already readying layoffs.
