Intuit plans to cut 10% of its global workforce, or ~1,800 employees, and rehire the same number, primarily in its engineering, product, and sales divisions
Intuit CEO Sasan Goodarzi sent the following note to Intuit employees today: Sheryl Estrada / Fortune : Exclusive: Intuit is laying off 1,800 employees as AI leads to a strategic shift Brandon Vigliarolo / The Register : Intuit decimates staff, hopes to hire same number in AI refocus Jon Victor / The Information : Intuit Lays Off 10% as TurboTax-Maker Prioritizes AI Dean Seal / Wall Street Journal : Intuit to Cut, Then Hire, 1,800 Workers in Pivot Toward AI Mia / Analytics India Magazine : Intuit Laying Off Employees to Intensify Investments in AI Brian Mutembei / The Crypto Times : Intuit to Lay Off 1,800 Employees, Will Shift to AI Duncan Riley / SiliconANGLE : Intuit to lay off 1,800 employees, plans to rehire in new AI and customer roles Anthony Duignan-Cabrera / Silicon Valley Business … : Intuit to cut 1,800 jobs, close two North American sites in AI pivot Tristan Greene / Cointelegraph : Intuit lays off 10% of staff to focus on AI Angela Harmantas / Proactive : Intuit cuts 10% of workforce, plans strategic rehire in growth areas Akash Sriram / Reuters : Intuit to cut about 1,800 jobs PYMNTS.com : Intuit Cuts 10% of Staff Amid New AI Efforts Laura Varley / Silicon Republic : Intuit to lay off 1,800 people and close two sites Matt Ott / Associated Press : Tax preparation company Intuit to lay off 1,800 as part of an AI-focused reorganization plan Rocio Fabbro / Quartz : Intuit will lay off 1,800 workers and hire new ones to advance its AI ambitions Alex Riehl / BetaKit : Intuit closes Edmonton office as company-wide layoffs impact 10 percent of employees Threads: Dare Obasanjo / @carnage4life : Intuit's announcement epitomizes the simultaneous feast and famine that is today's tech industry. The company plans to lay off 1,800 people but then plans to rehire 1,800 different people to focus on generative AI. Basically if you aren't working on AI you're dead weight. LinkedIn: Emil Protalinski : AI won't take your job. — Someone who knows how to use AI will take your job. — You're going to hear this phrasing a lot over the coming years, and for good reason. … Brody Ford : Intuit is the latest tech co to announce a mass layoff — but this one looks a little different. — The TurboTax-maker says it is firing 1,800 workers … Forums: Hacker News : Intuit to Cut 10% of Employees in Latest Round of Tech Layoffs