Intuit recently implemented a workforce reduction of approximately 3,000 positions globally, representing a 17% cut in its full-time employees. This move is part of the company’s strategy to simplify operations and prioritize key areas such as AI. CEO Sasan Goodarzi outlined in an internal email the need to streamline the organization to enhance growth and focus on advancing their “AI-native platform” to provide customers with unparalleled benefits through a blend of data, AI, and human expertise.
The restructuring initiative involves reducing management roles, eliminating redundant positions, and phasing out offices in Reno, Nev., and Woodland Hills, Calif. Additionally, Intuit plans to optimize its investments by decreasing redundancies between TurboTax and Credit Karma following their integration. While specific details regarding the impact on Canadian jobs were not disclosed, the company’s previous layoffs affected 1,800 employees, including those at the now-closed Edmonton office.
As of July 31, 2025, Intuit employed around 18,200 individuals across seven countries. Affected employees were informed of their job status on Wednesday. This downsizing aligns Intuit with a trend among various companies announcing workforce reductions this year, such as Amazon, Block, and Pinterest, with AI being a common factor influencing these decisions.
Intuit has entered into partnerships with AI startups Anthropic and OpenAI to incorporate their AI models into its software, enhancing its tax, finance, accounting, and marketing capabilities. The layoffs preceded the release of the company’s third-quarter results, projecting an annual revenue range of $21.34 billion US to $21.37 billion US, surpassing its earlier forecast. However, the restructuring efforts are expected to incur approximately $300 million US in charges for the company.