Intuit to lay off thousands of staff, slash – Business News
Tech giant Intuit is shuttering its Los Angeles-area workplace and slashing thousands of jobs worldwide in a sweeping shakeup that comes as Silicon Valley races to embrace artificial intelligence.
The company behind TurboTax, CreditKarma and QuickBooks is laying off roughly 3,000 staff — or about 17% of its international workforce — as half of a restructuring effort geared toward streamlining operations and sharpening its give attention to AI, in accordance to an inner memo obtained by Reuters.
The California-based tech giant introduced layoffs to practically 17% of its workforce. JHVEPhoto – stock.adobe.com
CEO Sasan Goodarzi instructed staff in an e-mail Wednesday that the layoffs have been meant to cut back “complexity” and simplify the company’s construction. Charles Wenzelberg / New York Post
The cuts will hit California straight.
Intuit confirmed within the memo that it’s “winding down” its Woodland Hills workplace.
Another workplace in Reno, Nevada may even shutter, because it consolidates staff into what it described as “key hubs.”
Sign up for the California Morning Report e-newsletter
California’s prime information, sports activities and leisure delivered to your inbox on daily basis.
Thanks for signing up!
The company employed round 18,200 staff throughout seven international locations as of July 31, 2025, in accordance to its annual report.
CEO Sasan Goodarzi instructed staff in an e-mail Wednesday that the layoffs have been meant to cut back “complexity” and simplify the company’s construction so it may ship merchandise sooner and invest more closely in main priorities — together with artificial intelligence, Reuters reported.
Intuit has aggressively pushed into AI lately, signing offers with AI corporations Anthropic and OpenAI to combine their technology into merchandise together with TurboTax and QuickBooks.
The restructuring comes as fears grow throughout California’s tech industry over the influence AI may have on white-collar jobs.
The Intuit massacre comes amid a brutal stretch for California tech staff after LinkedIn revealed this week that more than 600 staff have been additionally being laid off throughout the Golden State.
The company is behind TurboTax, CreditKarma and QuickBooks. Kenishirotie – stock.adobe.com
More than 111,000 staff at over 140 tech firms have already been laid off this 12 months, in accordance to information from Layoffs.fyi cited by Reuters.
The cuts landed the identical day Meta started slashing thousands of jobs in one other AI-driven shakeup at a Silicon Valley giant.
Some firms have overtly acknowledged that AI-driven effectivity positive aspects are lowering the need for sure positions.
The final day for affected US staff can be July 31, in accordance to the memo. Workers impacted by the cuts will obtain 16 weeks of base pay plus an further two weeks for yearly they labored at Intuit, Reuters reported.
The company’s stock fell practically 5% in morning trading Wednesday following information of the layoffs.
Download The California Post App, observe us on social, and subscribe to our newsletters
California Post News: Facebook, Instagram, TikTok, X, YouTube, WhatsApp, LinkedIn
California Post Sports Facebook, Instagram, TikTok, YouTube, X
California Post Opinion
California Post Newsletters: Sign up right here!
California Post App: Download right here!
Home supply: Sign up right here!
Page Six Hollywood: Sign up right here!
