Intuit is laying off around 3,000 employees worldwide, or nearly 17% of its workforce, as the company restructures operations and increases investment in artificial intelligence initiatives. The move is part of a broader effort to simplify internal processes and accelerate AI integration across its financial software products.
In an internal memo to employees, CEO Sasan Goodarzi said the restructuring is designed to reduce organizational complexity and help the company move faster on its long-term priorities, particularly AI-powered services.
The company behind TurboTax, QuickBooks, and Credit Karma has recently signed multi-year partnerships with OpenAI and Anthropic to embed advanced AI capabilities into its products. Intuit also plans to integrate its financial and tax tools into AI platforms such as ChatGPT and Claude.
As part of the restructuring, Intuit is shutting down offices in Reno and Woodland Hills while consolidating teams into larger operational hubs. Employees affected by the layoffs in the United States will remain on payroll through July 31 and receive severance packages that include 16 weeks of base pay, plus additional compensation based on years of service.
The layoffs add Intuit to a growing list of technology companies reducing headcount while shifting resources toward AI development. Industry-wide, more than 100,000 tech workers have reportedly lost jobs this year as companies race to adapt to rapid changes driven by artificial intelligence.