Intuit Inc. INTU shares are trading lower Wednesday following reports that the company plans to reduce its workforce by approximately 17%, or about 3,000 employees worldwide, as part of a broader ...

In May 2026, Intuit reported higher third-quarter and nine‑month revenue and earnings, raised full‑year guidance, announced a 17% workforce reduction with an estimated US$300–US$340 million ...

I write about money. I’ve been reviewing tax software and services as a freelancer for PCMag since 1993. Along the way, I took on reviews of other types of business and personal finance technology.

Intuit CEO Sasan Goodarzi said the company’s roughly 17% workforce reduction was aimed at simplifying operations and improving execution, not because of AI.

Take a look at our list of ongoing 2026 layoffs at well-known U.S. companies including Amazon, Citi, UPS, and more.

TurboTax Parent Company To Cut 17% Of Workforce Despite Strong Earnings ...

Intuit's stock has been hammered this year as investors worry that generative artificial intelligence models could threaten ...

For accountants and bookkeepers, payroll is a critical client service, but different clients need different levels of support. Some need straightforward ...

Intuit Inc. (NASDAQ:INTU) is a global financial technology platform behind TurboTax, Credit Karma, QuickBooks, Mailchimp, and ...

All-in-One, AI-Native HCM System Expands on QuickBooks Payroll Services, Which Serves 18 Million U.S. Workers, to Deliver End-to-End Workforce Management Embedded directly in QuickBooks Online, ...

In a memo to employees, CEO Sasan Goodarzi said the layoffs are meant to reduce complexity, simplify the company's corporate structure, and deliver better AI products.