Intuit misses revenue estimates and cuts 17% of workforce as AI disruption hits tax business, while expanding AI partnerships and restructuring operations.

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