Intuit cuts 17% of its staff to focus on AI, but refuses to blame AI
The financial services software company Intuit Inc., known for platforms including Credit Karma, QuickBooks and TurboTax, said today it’s letting go 17% of its workforce, or around 3,000 people.
The cuts, announced as the company delivered its latest financial results, will allow it to divert more resources towards the artificial intelligence innovations increasingly powering its software. But it insisted that it’s not replacing anyone through automation.
In a memo to employees, Chief Executive Sasan Goodarzi added the layoffs will also help to reduce complexity at the company by simplifying its corporate structure. Intuit had around 18,200 employees globally at the end of July 2025, according to its last annual report. “None of it had to do with AI,” Goodarzi told analysts on a conference call today. “Everything was about how do we become more effective.”
The CEO explained that senior executives had come to realize that the company had too many management layers and claimed that this had been slowing innovation. By flattening the organization, he said he hopes to “reduce the complexity of information flow so we can push decision making to our frontline folks that are the builders.”
