Intuit Cuts 10% of Staff Amid New AI Efforts
INTUIntuit(INTU) PYMNTS.com·2024-07-11 01:12

Tax preparation software maker Intuit is cutting 1,800 jobs, or 10% of its workforce, and closing two locations.The company, parent of QuickBooks and TurboTax, revealed the planned layoffs in a filing with the Securities and Exchange Commission Wednesday (July 10), saying it plans to “hire a nearly equivalent number of employees in fiscal 2025 to support [its] declared growth areas and expects overall headcount to grow.”In a note to employees included in the filing, CEO Sasan Goodarzi said the cuts come as ...