California’s Intuit to slash thousands of jobs, cut workforce by 17%, internal memo shows
Intuit is laying off approximately 3,000 employees, which represents 17% of its global workforce, as part of a restructuring effort. The company is closing its Woodland Hills office in California and consolidating operations to focus on artificial intelligence. This move reflects broader trends in the tech industry, where many companies are reducing staff amid advancements in AI technology.
- ▪Intuit is cutting its workforce by 17%, impacting around 3,000 employees worldwide.
- ▪The layoffs are part of a restructuring aimed at simplifying operations and focusing on AI.
- ▪The company will close its Woodland Hills office and consolidate workers into key hubs.
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Business breaking California’s Intuit to slash thousands of jobs, cut workforce by 17%, internal memo shows By Kevin Barr Published May 20, 2026, 12:25 p.m. ET See more of our coverage in your search results. Add The New York Post on Google Tech giant Intuit is shuttering its Los Angeles-area office and slashing thousands of jobs worldwide in a sweeping shakeup that comes as Silicon Valley races to embrace artificial intelligence. The company behind TurboTax, CreditKarma and QuickBooks is laying off roughly 3,000 employees — or about 17% of its global workforce — as part of a restructuring effort aimed at streamlining operations and sharpening its focus on AI, according to an internal memo obtained by Reuters.
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