Intuit to cut 17% of global jobs to streamline operations, memo shows
Intuit is planning to lay off approximately 3,000 employees, which constitutes about 17% of its global workforce, to streamline operations and enhance its focus on AI initiatives. CEO Sasan Goodarzi indicated that these layoffs are part of a strategy to reduce complexity and improve product offerings. The affected employees will receive severance packages, and the company is also closing some offices as part of its restructuring efforts.
- ▪Intuit is cutting about 17% of its workforce, equating to around 3,000 jobs worldwide.
- ▪The layoffs are intended to streamline operations and focus on AI technology integration.
- ▪Affected employees will receive 16 weeks of base pay plus additional compensation based on their tenure.
Opening excerpt (first ~120 words) tap to expand
Intuit is laying off about 17% of its workforce, or about 3,000 employees worldwide, to streamline operations and sharpen focus on its key bets including its AI efforts, according to an internal memo seen by Reuters on Wednesday.CEO Sasan Goodarzi sent an email to staff earlier in the day, saying that reducing complexity and simplifying the structure would help it deliver better products, according to the memo and a source familiar with the matter. From Cisco to Block, more companies are pointing to AI when unveiling job cutsIntuit did not immediately return a request for comment.
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