Intuit to Cut 17% of Workforce in Shift Toward AI

is reducing its global headcount by approximately 17% as it moves to streamline operations and accelerate its investment in artificial intelligence, according to an internal memo reviewed by Reuters on Wednesday (May 20). The restructuring will result in the elimination of about 3,000 positions across the financial software giant. In an email to employees, Chief Executive Sasan Goodarzi said reducing organizational complexity and simplifying the company’s structure was necessary for