Intuit cuts 3,000 jobs, closes 2 offices to focus on AI
Intuit, the maker of TurboTax and QuickBooks, is laying off about 3,000 employees—17% of its workforce—and closing two offices as part of a restructuring to sharpen its focus on artificial intelligence. The company aims to consolidate operations around AI-driven products and services. The layoffs affect various departments, and the office closures are expected to reduce real estate costs. Intuit's CEO stated that the move is necessary to accelerate innovation and better serve customers in an AI-first world. The company will provide severance and support to affected employees. This restructuring reflects a broader trend among tech companies reallocating resources toward AI capabilities.
Key facts
- Intuit is cutting 3,000 jobs, or 17% of its workforce.
- The company is closing two offices.
- The layoffs are part of a restructuring to focus on AI.
- Intuit makes TurboTax and QuickBooks.
- The CEO cited the need to accelerate AI innovation.
- Affected employees will receive severance and support.
- The move is part of a broader tech industry trend toward AI.
- Office closures aim to reduce real estate costs.
Entities
Institutions
- Intuit
Sources
- Quartz —