The tax software firm will cut 17% of its workforce to streamline operations and accelerate artificial intelligence integration.
Intuit will eliminate approximately 3,000 positions, or 17% of its workforce, as part of a restructuring aimed at reducing organizational complexity and prioritizing artificial intelligence. The move follows an internal memo outlining plans to embed AI across its tax, accounting, and financial tools through partnerships with Anthropic and OpenAI.
Before the cuts, Intuit employed around 18,200 people globally as of July 31, 2025. The layoffs include office closures in Reno and Woodland Hills, consolidating teams into fewer hubs. Severance packages for U.S. workers include 16 weeks of base pay plus two additional weeks per year of service.
Intuit shares fell nearly 5% following the announcement, reflecting investor reaction to the restructuring costs and strategic shift.