Intuit Cuts 3,000 Jobs as AI Push Reshapes Company

Software giant Intuit is laying off more than 3,000 employees as the company shifts its focus toward artificial intelligence, according to a report from Reuters citing an internal memo sent to staff.

The layoffs will affect around 17% of Intuit’s workforce as the company looks to simplify its corporate structure and redirect resources into AI-powered products and services. CEO Sasan Goodarzi reportedly told employees the changes are aimed at reducing operational complexity while helping the company move faster in the AI race.

Intuit is best known for consumer and business finance platforms including TurboTax, QuickBooks, and Credit Karma.

According to the company’s annual report, Intuit employed roughly 18,200 people worldwide as of July 2025.

The company has not publicly commented on the job cuts or addressed questions regarding executive compensation. Reuters noted that Goodarzi earned about $36.8 million during fiscal 2025 through salary, stock awards, and cash incentives.

The move comes during another difficult year for tech workers. Across the industry, more than 100,000 jobs have already been cut in 2026 as companies continue restructuring around AI investments. Major firms including Amazon, Meta, Microsoft, Oracle, Cisco, Cloudflare, and Block have also announced layoffs while increasing spending on AI-related projects.

What makes the trend more striking is that many of these companies continue posting strong financial results. Businesses across the tech sector are benefiting from growing demand for AI software, cloud infrastructure, and automation tools, while investors continue betting heavily on AI-driven growth opportunities.

Unlike some rivals, however, Intuit has not been viewed as a major AI winner by Wall Street. The company’s stock has underperformed the broader S&P 500 over the past year as concerns grow that traditional software firms could struggle to compete in an AI-first market.

Despite those concerns, Intuit’s recent financial performance remained solid. In its fiscal second quarter ending in January, the company reported revenue of $4.65 billion, up 17% year-over-year. Net profit also jumped 48% to $693 million compared to the same period a year earlier.

The company is expecting revenue growth of around 10% in the third quarter and is set to release its latest earnings results later today.

The layoffs highlight a growing reality across the tech industry: even profitable companies are increasingly reshaping their workforces as AI becomes the center of future business strategy.

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