MOUNTAIN VIEW, Calif.—Another company has announced AI-related job cuts.
Intuit Inc. is reducing its global workforce by approximately 17%, eliminating about 3,000 jobs as the financial software company restructures operations and increases investment in artificial intelligence.
Reuters reported the cuts were outlined in an internal memo reviewed Wednesday and described as part of a broader effort to simplify the company’s structure and improve product delivery.
In an email to employees cited by Reuters, Sasan Goodarzi said reducing organizational complexity is necessary to help the company move faster and deliver stronger products.
Reuters reported Intuit, which employed approximately 18,200 people as of mid-2025, will also close offices in Reno, Nevada, and Woodland Hills, California as part of the restructuring.
‘Significant Shift’
The move represents a significant shift for the company behind TurboTax and QuickBooks as it concentrates resources on what Reuters described as its “big bets,” including expanding generative AI capabilities across its products.
According to Reuters, Intuit has entered multi-year agreements with Anthropic and OpenAI to integrate their AI models into its software offerings, while also embedding Intuit’s proprietary tax and accounting capabilities into AI assistants including ChatGPT and Claude.
Reuters reported Intuit shares fell nearly 5% in morning trading following news of the restructuring. The company was scheduled to release third-quarter earnings later Wednesday.
The layoffs place Intuit among a growing group of technology companies—including Block, Inc., Amazon and Pinterest—that have pointed to AI-related efficiency gains as part of workforce reduction efforts, Reuters reported.
The Severance Package
According to Reuters, affected U.S. employees will remain employed through July 31 and will receive severance packages that include 16 weeks of base pay plus an additional two weeks for each year of service.
Reuters also reported, citing data from Layoffs.fyi, that more than 111,000 employees across 140 technology companies have been laid off so far this year, following more than 124,000 tech-sector job cuts in 2025.
Reuters noted that some industry observers have questioned whether AI initiatives are accelerating previously planned restructuring efforts rather than serving as the sole driver of workforce reductions.
