Intuit has made the decision to reduce its full-time workforce by 17%, resulting in approximately 3,000 job cuts globally. The move is part of the company’s strategy to streamline operations and prioritize key areas such as artificial intelligence (AI).
CEO Sasan Goodarzi, in an internal email sent on Wednesday, highlighted the company’s efforts to simplify its structure for improved growth and to achieve strategic goals, including the expansion of their “AI-native platform.” Goodarzi emphasized the need to enhance customer benefits through a blend of data, AI, and human expertise.
The company plans to eliminate management positions, roles requiring extensive coordination, and redundant jobs. Intuit will also close offices in Reno, Nevada, and Woodland Hills, California. Additionally, the company intends to reduce investments in Mailchimp and address overlaps between TurboTax and Credit Karma following their integration.
While details on the impact in Canada were not disclosed, Intuit had around 18,200 employees across seven countries as of July 31, 2025, according to the company’s annual report. Affected employees were informed about the job cuts on Wednesday.
Intuit’s decision to downsize its workforce aligns with a broader trend of companies announcing layoffs this year. These include Amazon cutting 16,000 jobs, Jack Dorsey’s Block slashing 4,000 positions, and Pinterest reducing its workforce by 15%. While the Intuit layoffs were not directly linked to AI, several other tech firms, like Block and Pinterest, cited AI-related factors behind their layoffs.
The company has entered into multi-year agreements with AI startups Anthropic and OpenAI to integrate their AI models into its software and enhance its personalized tax, finance, accounting, and marketing services. The job cuts precede Intuit’s third-quarter results, where it revised its annual revenue forecast to be between $21.34 billion US and $21.37 billion US, up from the previous estimate of $21 billion US to $21.19 billion US. The restructuring process is expected to incur around $300 million US in charges for the company.
