Intuit Layoffs

Intuit, the maker of TurboTax, QuickBooks, Credit Karma and Mailchimp, said on May 20, 2026 that it would cut about 3,000 jobs, roughly 17% of its 18,200-person global workforce, across seven countries. In an internal memo, CEO Sasan Goodarzi said the layoffs were meant to simplify the company's corporate structure and shift capital toward artificial intelligence, including partnerships with Anthropic and OpenAI. He stressed that the cuts were about simplifying operations and improving execution rather than replacing workers with AI. Announced alongside Intuit's fiscal third-quarter earnings, the reductions touched all four consumer brands. U.S.-based employees were offered 16 weeks of base pay plus two additional weeks for each year of service, with a final employment date of July 31, 2026.

Reason: Simplifying corporate structure and reallocating capital to AI

Source: reuters.com

Intuit disclosed a workforce reduction affecting its Mountain View, CA operations in May 20, 2026. Approximately 493 roles were eliminated.

Reason: Layoff Permanent

Intuit disclosed a workforce reduction affecting its Woodland Hills, CA operations in May 20, 2026. Approximately 90 roles were eliminated.

Reason: Layoff Permanent

Intuit disclosed a workforce reduction affecting its San Diego, CA operations in May 20, 2026. Approximately 277 roles were eliminated.

Reason: Layoff Permanent

Intuit disclosed a workforce reduction affecting its San Francisco, CA operations in May 20, 2026. Approximately 50 roles were eliminated.

Reason: Layoff Permanent

On July 10, 2024, Intuit announced it would eliminate roughly 1,800 jobs, about 10% of its workforce, as it pivoted sharply toward artificial intelligence. CEO Sasan Goodarzi called the shift "one of the most significant technology shifts of our lifetime" and said companies that failed to act on AI would fall behind. The company closed offices in Edmonton and Boise, where it employed more than 250 people combined, and cut over 300 additional roles to streamline operations. Despite the reductions, Intuit said it planned to hire 1,800 new employees in engineering, product, and customer-facing roles. The restructuring was expected to cost between $250 million and $260 million, largely hitting Q4 financials. Intuit also disclosed multi-year deals with Anthropic and OpenAI to integrate AI across TurboTax, QuickBooks, Credit Karma, and Mailchimp. U.S. employees received a minimum of 16 weeks of pay plus two additional weeks per year of service.

Reason: AI-driven restructuring and resource reallocation

Source: bloomberg.com

Intuit disclosed a workforce reduction affecting its SF Bay Area operations in June 22, 2020. Approximately 715 roles were eliminated.

Source: intuitblog.com