Intuit CEO says company's 17% workforce cut had 'nothing to do with AI'
Intuit's CEO stated that the company's recent 17% workforce reduction was aimed at improving operational efficiency rather than being influenced by artificial intelligence. The layoffs are part of a strategy to simplify the organizational structure and foster a faster-moving culture. Despite concerns about AI's impact on employment, Goodarzi emphasized that Intuit's core business relies on human expertise rather than software alone.
- ▪Intuit cut approximately 17% of its workforce to streamline operations.
- ▪CEO Sasan Goodarzi clarified that the layoffs were not related to AI advancements.
- ▪Intuit's revenue for the quarter was $8.56 billion, slightly exceeding analysts' expectations.
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Intuit — the parent company of TurboTax, Credit Karma and QuickBooks — cut roughly 17% of its workforce on Wednesday, but CEO Sasan Goodarzi said the layoffs were designed to streamline operations and improve execution rather than replace workers with artificial intelligence."None of it had to do with AI," Goodarzi told CNBC's Jim Cramer on "Mad Money." "Everything was about how do we become more effective."Intuit's job cuts come amid concerns that advances in generative AI could lead to major spikes in unemployment, particularly in the tech industry. As of this week, 114,173 tech workers have been laid off so far in 2026, according to Layoffs.fyi.
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