Intuit announced significant workforce reductions, planning to lay off about 3,000 employees—17% of its global staff—as part of a strategic shift to accelerate AI integration and streamline operations. This restructuring also involves closing key regional offices in Reno, Nevada, and Woodland Hills, California. Impacted employees will receive severance packages, including 16 weeks pay plus additional weeks per year of service. The announcement comes just before Intuit’s third-quarter earnings report and amid a broader tech industry wave of layoffs, including at Meta and others transitioning to AI-focused models. Despite these job cuts, Intuit reported strong second-quarter results, with revenue and earnings per share surpassing expectations.
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