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

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