Intuit has downsized its full-time workforce by 17%, affecting approximately 3,000 positions globally. This move is part of the company’s effort to simplify operations and concentrate on key areas, particularly AI technology. CEO Sasan Goodarzi conveyed in an internal email that the restructuring aims to enhance growth and achieve strategic objectives, such as advancing their AI-centric platform.
The company plans to eliminate managerial, coordination-heavy, and duplicate roles, as well as close offices in Reno, Nevada, and Woodland Hills, California. Additionally, Intuit intends to decrease investments in Mailchimp and address redundancy between TurboTax and Credit Karma following their integration.
While specific details on the Canadian job impact were not disclosed, Intuit had 18,200 employees across seven countries as of July 31, 2025. Affected employees were informed of their status on Wednesday. This action aligns Intuit with a trend of companies announcing layoffs this year, including Amazon, Block, and Pinterest, with some attributing the decisions to advancements in AI technology.
Intuit has engaged in partnerships with AI startups Anthropic and OpenAI to incorporate their models into its software, enhancing tax, finance, accounting, and marketing capabilities. The layoffs precede the company’s third-quarter results, where it raised its annual revenue forecast to $21.34 billion to $21.37 billion US, resulting in restructuring charges of approximately $300 million US, as reported by Reuters.