Overview

• 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.