Intuit to lay off over 3,000 employees to refocus on AI
Enterprise software giant Intuit is letting go 17% of its staff, or about 3,000 people, as it seeks to divert resources towards baking in AI into its products, Reuters reported, citing an internal memo sent to employees.
The memo by CEO Sasan Goodarzi said the layoffs are meant to reduce complexity by simplifying the company’s corporate structure and help it focus on AI efforts, according to Reuters.
The company, which makes accounting, tax and personal finance software like TurboTax, QuickBooks, and Credit Karma, had 18,200 employees worldwide as of July 2025, according to its annual report.
Intuit did not immediately return a request for comment, or respond to questions about whether its management, directors, or its CEO would take a pay cut. Goodarzi’s salary was worth $36.8 million, including cash incentives and stock awards, during fiscal 2025.
The layoffs come during a bad year for the tech workforce....
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