Intuit has announced a workforce reduction of 17 percent, equating to approximately 3,000 positions globally, as part of its strategy to streamline operations with a focus on key areas like AI. CEO Sasan Goodarzi communicated this decision to employees via email, emphasizing the need to simplify the company’s structure to drive growth and achieve strategic objectives, particularly in expanding their AI-driven platform. The restructuring aims to eliminate management, coordination-heavy, and redundant roles, leading to the closure of offices in Reno, Nev., and Woodland Hills, Calif.
In addition, Intuit plans to scale back investments in Mailchimp and address redundancies between TurboTax and Credit Karma following their integration. While specific details on the impact in Canada were not disclosed, the company had approximately 18,200 employees across seven countries as of July 31, 2025, according to its annual report. Affected employees were informed of their status on Wednesday.
Intuit’s decision aligns with a trend of job cuts in various industries this year, with Amazon announcing 16,000 job losses, Jack Dorsey’s Block shedding 4,000 positions, and Pinterest reducing its workforce by 15 percent. Though not directly linked to AI, several technology firms, including Block and Pinterest, cited AI-related factors in their recent layoffs.
Intuit has entered into agreements with AI startups Anthropic and OpenAI to incorporate AI models into its software and enhance personalized tax, finance, accounting, and marketing services through Claude and ChatGPT. These layoffs preceded the release of Intuit’s third-quarter results, projecting annual revenue between $21.34 billion US and $21.37 billion US, surpassing its previous estimate. The restructuring is expected to incur approximately $300 million US in charges for the company.