May 20 : Intuit lowered annual revenue forecast for its tax-filing software, TurboTax, on Wednesday and said it would cut 17 per cent of its full-time workforce, sending its shares down 14 per cent after the bell amid lingering fears of AI disruption.The reduction of nearly 3,000 roles globally, reported exc

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