The tax and financial software firm cites operational streamlining and AI focus as key drivers behind the global layoffs.
Intuit will cut approximately 17% of its global workforce, affecting around 3,000 employees, as part of an effort to simplify operations and prioritize AI initiatives. The decision was outlined in an internal memo from CEO Sasan Goodarzi, emphasizing a sharper focus on integrating AI across its products and services.
The company, which employs about 18,200 people worldwide, follows other tech firms in reducing headcount amid efficiency gains from AI adoption. Intuit has recently secured multi-year deals with AI startups Anthropic and OpenAI to embed advanced models into its software. Affected U.S. employees will leave by July 31, 2025, with severance packages including 16 weeks of base pay plus additional weeks based on tenure.
Intuit is set to report third-quarter earnings later today, though the layoffs were not directly tied to financial performance. The move reflects broader industry trends where companies leverage AI to optimize costs and enhance product offerings.