Intuit Lays Off 1,800 Employees to Refocus on AI and Growth

The financial software giant plans to replace laid-off workers with new hires in AI and other critical areas.

Intuit will cut 10% of its workforce, affecting 1,800 employees globally.
The layoffs include 1,050 performance-based terminations and 300 roles eliminated for streamlining.
Offices in Edmonton, Canada, and Boise, Idaho, will be closed, impacting over 250 employees.
The company plans to hire 1,800 new staff in engineering, product, and customer-facing roles.
Intuit expects to incur up to $260 million in costs related to the layoffs and reorganization.