Intuit Lays Off 3,000 Employees To Deepen Focus On AI; Details Here

Financial software giant Intuit is laying off about 3,000 employees globally, or nearly 17% of its workforce, as the company looks to streamline operations and deepen its focus on artificial intelligence (AI), according to a Reuters report citing an internal memo.

According to the internal memo, CEO Sasan Goodarzi informed employees on Wednesday that the restructuring is aimed at reducing complexity and simplifying the company’s organisational structure to deliver better products and faster innovation.

The move comes as Intuit, the maker of TurboTax, QuickBooks and Credit Karma, ramps up investments in AI-powered financial tools. The company has signed multi-year partnerships with AI startups Anthropic and OpenAI to integrate their AI models into

its software ecosystem, while also embedding Intuit’s tax, accounting, finance and marketing capabilities into Claude and ChatGPT.

The layoffs highlight how AI-driven efficiency is increasingly reshaping Silicon Valley’s workforce dynamics. Several technology firms, including Block, Amazon and Pinterest, have also announced job cuts this year amid rising adoption of AI tools.

In his memo, Goodarzi said the restructuring would help Intuit sharpen focus on its “big bets”, particularly AI-led growth initiatives across its services.

The affected US employees will remain on payroll until July 31 and will receive 16 weeks of base pay, along with an additional two weeks of salary for every year spent at the company as part of the severance package.

As part of the restructuring exercise, Intuit is also shutting down its Reno and Woodland Hills offices to consolidate operations in key hubs.

The company had around 18,200 employees across seven countries as of July 31, 2025, according to its annual report.

Concerns over AI-led job disruption have intensified across the technology sector in recent months. Data from Layoffs.fyi shows more than 140 tech companies have laid off over 111,000 employees so far this year, after about 124,636 layoffs recorded in 2025.

At the World Economic Forum Annual Meeting 2026 in January, two executives told Reuters that some companies could increasingly use AI as a justification for layoffs that were already being planned.