Intuit employees have become the latest to be affected by the wave of artificial intelligence (AI)-linked job cuts across the technology industry. The US-based financial software maker is reportedly cutting around 3,000 jobs globally, which is nearly 17% of its workforce. According to a report by the news agency Reuters, the company said in an internal memo that the move is part of a restructuring aimed at simplifying operations and better focusing on key priorities, including its AI efforts. The announcement comes months after Intuit signed multi-year agreements with OpenAI and Anthropic to embed AI models into its software ecosystem and integrate Intuit’s tax, finance, accounting and marketing capabilities into ChatGPT and Claude.According to the internal memo seen by Reuters, CEO Sasan Goodarzi told employees that reducing organisational complexity would help the company improve execution and product delivery. In the memo, Goodarzi said, “Simplifying the structure will help us deliver better products,” adding that the layoffs would sharpen Intuit’s focus on its “big bets,” including integrating AI across services. The company is scheduled to report third-quarter earnings later this week. Shares of Intuit fell nearly 5% in morning trading following reports of the layoffs.
AI strategy remains central as Intuit restructures operations
The restructuring includes office closures in Reno and Woodland Hills as Intuit consolidates teams into selected hubs, according to the memo seen by Reuters. Impacted US employees will remain with the company until July 31 and will receive severance packages, including 16 weeks of base pay, plus 2 additional weeks for every year worked at Intuit. The company approximately had 18,200 employees across seven countries as of July 31, 2025, according to its annual report.The company joins a growing list of technology firms that have announced workforce reductions while increasing investment in AI. Companies including Amazon, Block and Pinterest have also cited efficiency gains linked to AI amid layoffs.Workforce reductions in the technology sector have accelerated in recent months. Data from Layoffs.fyi shows more than 140 tech companies have cut over 111,000 jobs this year, compared with approximately 124,636 layoffs recorded across 2025.Some industry executives have questioned whether AI is the primary reason behind the cuts. During the annual meeting of the World Economic Forum in January, two executives told Reuters that AI could be used to justify layoffs that companies were already planning.
