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Intuit boosts annual forecasts, to cut 17% of global staff
Reuters127d agoneutral
Intuit boosts annual forecasts, to cut 17% of global staff

TurboTax parent Intuit raised its annual revenue and profit forecasts on Wednesday and announced it would trim ‌17% of its workforce, sharpening its focus on artificial intelligence-powered ‌financial software amid robust demand. The reduction of nearly 3,000 roles globally, reported exclusively by ​Reuters earlier in the day, is expected to help simplify organizational structure and streamline key areas, including AI efforts, according to a staff memo sent by CEO Sasan Goodarzi. It had about ⁠18,200 employees across seven countries as of July 31, 2025, according to its annual report.

Exclusive-Intuit to cut 17% of global jobs to streamline operations, memo shows
Reuters127d agoneutral
Exclusive-Intuit to cut 17% of global jobs to streamline operations, memo shows

Intuit is laying off about 17% of its workforce, or about 3,000 employees worldwide, to streamline ‌operations and sharpen focus on its key bets including its AI efforts, according ‌to an internal memo seen by Reuters on Wednesday. CEO Sasan Goodarzi sent an email to staff earlier ​in the day, saying that reducing complexity and simplifying the structure would help it deliver better products, according to the memo and a source familiar with the matter. Intuit, which is scheduled to report third-quarter results later on Wednesday, did not immediately return a request ‌for comment.