According to a memo seen by Reuters, Intuit CEO Sasan Goodarzi said that the cuts will help the company focus on bets like adding AI into its services. The cuts represent about 17 percent of Intuit’s staff. [Link: Exclusive: Intuit to cut 17% of global jobs to streamline operations, memo shows | https://www.reuters.com/business/world-at-work/intuit-cut-17-global-jobs-streamline-operations-memo-shows-2026-05-20/ | Reuters]

Intuit is cutting around 3,000 jobs globally. This move aims to simplify operations and boost focus on key areas, especially artificial intelligence. The company is integrating AI…

Intuit (NASDAQ: INTU) shares are trading lower Wednesday after reports of a 17% workforce reduction as part of restructuring and AI push.

By Dean Seal and Kristin Broughton