Intuit is cutting about 17% of its global workforce, or roughly 3,000 employees, as the Mailchimp, TurboTax, QuickBooks, and Credit Karma owner restructures around artificial intelligence (AI), simplifies operations, and closes select offices.
TL;DR
- Intuit will lay off around 3,000 employees worldwide.
- The cuts affect about 17% of its workforce.
- The company is closing its Reno and Woodland Hills offices.
- Intuit is refocusing resources on AI-led product development.
- US-based impacted employees will leave by July 31 with severance support.
Why Intuit Is Cutting 3,000 Jobs To Speed Up Its AI Strategy
Intuit is joining the growing list of technology companies reshaping their workforces around AI, with plans to lay off about 3,000 employees globally.
The move, outlined in an internal memo, is aimed at reducing complexity, simplifying its corporate structure, and sharpening focus on what the company sees as its biggest growth bets.
CEO Sasan Goodarzi told employees that a leaner structure would help Intuit deliver better products and move faster. A major part of that shift is AI, which Intuit is working to embed across its tax, finance, accounting, and marketing software portfolio.
The company has already signed multi-year deals with Anthropic and OpenAI to bring their AI models into Intuit’s software. The partnerships also aim to add Intuit’s personalized tax, finance, accounting, and marketing capabilities into Claude and ChatGPT.
How Intuit’s Layoffs Fit Into The Bigger Tech AI Reset
The cuts come as AI continues to reshape hiring priorities across Silicon Valley. More than 140 tech companies have reportedly cut over 111,000 jobs this year, while the broader layoff count for 2025 stood at about 124,636.
Intuit is not alone. Amazon, Block, Pinterest, Microsoft, Meta, Oracle, Cisco, and Cloudflare have also reduced roles while redirecting spending toward AI projects, automation, and infrastructure.
The difference is that Intuit has not been viewed as a clear winner of the AI boom. Its shares have underperformed the broader S&P 500 over the past 12 months, and investors remain cautious about traditional software-as-a-service companies facing disruption from newer AI-native products.
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What Happens To Intuit Employees And Offices Next
For impacted employees in the United States, the last working day will be July 31. The severance package includes 16 weeks of base pay, plus two additional weeks for every year spent at Intuit.
The company is also winding down its Reno and Woodland Hills offices as part of its restructuring plan to consolidate teams in key hubs.
As of July 31, 2025, Intuit had about 18,200 employees across seven countries. The company reported $4.65 billion in revenue for its fiscal second quarter ended January, up 17% year over year, while net profit rose 48% to $693 million.
Intuit’s restructuring signals a sharper bet on AI as the next layer of growth for its software business. The company expects third-quarter revenue to rise by about 10%, but the bigger question is whether its AI integrations can convince investors that legacy software players can still compete in a fast-changing market.
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