Exclusive-Intuit to cut 17% of global jobs to streamline operations, memo shows

By Rashika Singh and Jaspreet Singh

May 20 (Reuters) - Intuit is laying disconnected astir 17% of its workforce, oregon astir 3,000 employees worldwide, to streamline ‌operations and sharpen absorption connected its cardinal bets including its AI efforts, according ‌to an interior memo seen by Reuters connected Wednesday.

CEO Sasan Goodarzi sent an email to unit earlier ​in the day, saying that reducing complexity and simplifying the operation would assistance it present amended products, according to the memo and a root acquainted with the matter.

Intuit, which is scheduled to study third-quarter results aboriginal connected Wednesday, did not instantly instrumentality a petition ‌for comment.

It joins a increasing database ⁠of companies that person announced occupation cuts this year, with immoderate blaming the layoffs connected higher efficiencies brought connected by AI, including ⁠Jack Dorsey's Block, Amazon and Pinterest.

Goodarzi said successful his email the layoffs would assistance Intuit sharpen its absorption connected the company's large bets, including efforts to infuse AI exertion crossed ​its services.

The ​company has signed multi-year deals with AI ​startups Anthropic and OpenAI to integrate ‌their AI models into its bundle and adhd Intuit's personalized tax, finance, accounting and selling capabilities into Claude and ChatGPT.

The past time for impacted unit successful the United States volition beryllium July 31 and they volition person 16 weeks of basal wage and 2 other weeks for each twelvemonth astatine Intuit arsenic portion of the severance package, ‌the memo connected Wednesday showed.

Intuit had astir 18,200 ​employees successful 7 countries arsenic of July 31, 2025, ​according to the company's yearly ​report.

Silicon Valley employees person grown progressively acrophobic astir AI disruption successful ‌recent months aft implicit 140 tech companies ​laid disconnected much than ​111,000 employees this year, according to Layoffs.fyi, a website tracking sectorwide occupation cuts. The fig was astir 124,636 for 2025.

At the World Economic Forum's yearly gathering ​in January, 2 executives ‌told Reuters that AI would beryllium utilized arsenic an excuse by companies that ​were already readying layoffs.

(Reporting by Rashika Singh and Jaspreet Singh successful Bengaluru; ​Editing by Sweta Singh and Pooja Desai)