19 articles | last updated: Jul 11 21:05:20
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.
People, Places and Things In This Story
- Intuit Software company
- Artificial intelligence Field of study
- Idaho US state
- Boise City in Idaho
- Canada Country in North America
- Edmonton City in Alberta, Canada
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