Intuit Cuts 3,000 Jobs, or 17 Percent of Workforce
Intuit eliminated about 3,000 full-time positions worldwide, representing 17 percent of its workforce. The company said the reductions target management and redundant roles while it focuses on AI development.
finance.yahoo.comIntuit has laid off 17 percent of its full-time workforce, or about 3,000 roles worldwide. The company said the cuts are part of an effort to streamline operations and focus on key areas, including AI.
Goodarzi stated in a Wednesday email to employees that the company is "reducing complexity and simplifying our structure" to support growth and three big goals. The memo said the company would reduce management, coordination-heavy and redundant roles.
The company will also wind down offices in Reno, Nevada, and Woodland Hills, California. It plans to reduce investments in Mailchimp and reduce overlap between TurboTax and Credit Karma following their integration.
Intuit has an office in Toronto but declined to specify how many Canadian jobs were affected. The company previously closed an Edmonton office during a 2024 round of layoffs that eliminated 1,800 positions. Intuit reported approximately 18,200 employees across seven countries as of July 31, 2025. Affected workers were notified of their employment status on Wednesday.
37 billion. The job cuts are expected to result in about $300 million in restructuring charges.
Key Facts
Story Timeline
3 events- 2024
Intuit closed Edmonton office and cut 1,800 jobs.
1 sourceCbc - July 31, 2025
Intuit reported 18,200 employees across seven countries.
1 sourceCbc - Wednesday
CEO Sasan Goodarzi notified employees of 3,000 layoffs via email.
1 sourceCbc
Potential Impact
- 01
The company will incur about $300 million in restructuring charges.
- 02
Intuit will reduce investments in Mailchimp.
- 03
Overlap between TurboTax and Credit Karma will be reduced.
Transparency Panel
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