Intuit to Cut 3,000 Jobs as AI Reshapes Operations

Financial technology platform Intuit is laying off around 3,000 employees, roughly 17% of its global staff, as it integrates generative AI capabilities in its workflow.

The decision was announced through an internal memo from CEO Sasan Goodarzi, according to Reuters. Laid-off employees will receive 16 weeks of base pay and two additional weeks for every year of service.

The company is closing facilities in Reno, Nevada, and Woodland Hills, California. It has a presence in Brazil, where it bought accounting software maker ZeroPaper in 2015.

Intuit has partnered with OpenAI and Anthropic to integrate generative AI capabilities across some of its products, including TurboTax, QuickBooks, Credit Karma, and Mailchimp.

The company’s restructuring gives preview into how tech firms are reshaping workforce strategies in this AI era.

Intuit is not alone. Tech firms have laid off more than 115,000 workers globally year to date, according to Layoffs.fyi. Last year, tech firms laid off more than 124,000 workers.