Intuit is laying off around 17 percent of its global workforce, affecting nearly 3,000 employees worldwide, as the company looks to streamline operations and sharpen its focus on key growth areas, including artificial intelligence.
According to an internal memo seen by Reuters, CEO Sasan Goodarzi informed employees on Wednesday that reducing complexity and simplifying the company’s structure would help Intuit deliver better products.
Intuit, which is scheduled to announce its third-quarter results later on Wednesday, did not immediately respond to a request for comment. The company’s shares were down nearly 5 percent in morning trading.
The move makes Intuit the latest major company to announce job cuts this year. Several firms, including Jack Dorsey’s Block, Amazon and Pinterest, have also reduced their workforce, with some linking the cuts to improved efficiency driven by AI.
In his email to employees, Goodarzi said the layoffs would help Intuit focus more sharply on its biggest priorities, including efforts to integrate AI across its services.
The company has signed multi-year deals with AI startups Anthropic and OpenAI to bring their AI models into Intuit’s software. It also plans to integrate its personalised tax, finance, accounting and marketing capabilities into Claude and ChatGPT.
According to the memo, the last working day for affected employees in the United States will be July 31. They will receive 16 weeks of base pay, along with two additional weeks of pay for every year served at Intuit, as part of the severance package.
As part of the restructuring, Intuit is also winding down its Reno and Woodland Hills offices to consolidate teams in key hubs.
Intuit had about 18,200 employees across seven countries as of July 31, 2025, according to the company’s annual report.
The latest layoffs come at a time when Silicon Valley employees are increasingly worried about AI-led job disruption.
According to Layoffs.fyi, more than 140 tech companies have laid off over 111,000 employees so far this year. The figure stood at around 124,636 in 2025.
At the World Economic Forum’s annual meeting in January, two executives told Reuters that some companies may use AI as an excuse for layoffs they were already planning.
