Intuit to Cut About 3,000 Jobs to Focus on AI Integration

Intuit will eliminate roughly 3,000 roles — about 17% of its workforce — CEO Sasan Goodarzi said in an internal memo, a move the company said is intended to reduce organizational complexity and free resources for AI-focused product work. The cuts mark a major restructuring aimed at concentrating engineering and product effort on integrating machine learning capabilities across Intuit’s offerings. The memo explicitly ties the headcount reductions to efforts to “bake in AI” across Intuit’s portfolio, which includes accounting, tax and personal finance software such as TurboTax, QuickBooks and Credit Karma. The company had approximately 18,200 employees worldwide as of July 2025, so the reductions represent a substantial reshaping of teams and priorities.

Executives framed the changes as a simplification of reporting lines and product teams so that engineering and product resources can be shifted toward AI initiatives. For product and platform teams, the memo signaled tightened staffing and potential reprioritization of roadmaps and hiring. Intuit did not immediately respond to requests for comment about the layoffs or whether executives would take pay reductions.

The cuts come amid a broader wave of technology — sector job reductions: industry data show more than 100,000 positions have been eliminated this year. Other large firms have cited a need to refocus spending around AI projects when announcing their own reductions — naming technology and commerce companies such as Amazon, Block, Cisco, Cloudflare, Meta, Microsoft and Oracle. Many of those firms have nonetheless reported strong revenues and rising share prices as investors back AI-driven growth.

Intuit’s recent financials show why the company is recalibrating even as it pursues growth: for the fiscal second quarter ended in January, Intuit reported $4.65 billion in revenue and $693 million in net profit, increases of 17% and 48% year over year, respectively. The company said it expects about 10% revenue growth in its third quarter, with results planned for release later the same day. Despite those gains, Intuit’s shares have underperformed the S&P 500 over the past 12 months, a factor the company appears to be addressing by concentrating investment on AI-driven product development.