Intuit to lay off over 3,000 employees to refocus on AI

Key points

• Enterprise software giant Intuit is letting go 17% of its staff, or about 3,000 people, as it seeks to divert resources towards baking in AI into its products, Reuters reported, citing an internal memo sent to employees.
• The memo by CEO Sasan Goodarzi said the layoffs are meant to reduce complexity by simplifying the company’s corporate structure and help it focus on AI efforts, according to Reuters.
• The company, which makes accounting, tax and personal finance software like TurboTax, QuickBooks, and Credit Karma, had 18,200 employees worldwide as of July 2025, according to its annual report.
• Intuit did not immediately return a request for comment, or respond to questions about whether its management, directors, or its CEO would take a pay cut.
• Goodarzi’s salary was worth $36.8 million, including cash incentives and stock awards, during fiscal 2025. The layoffs come during a bad year for the tech workforce.