Intuit layoffs: 3,000 jobs cut in AI restructuring 2026

In a connection to employees Wednesday, CEO Sasan Goodarzi framed the reorganization arsenic indispensable for the institution to physique stronger products, pointing to the request to portion distant layers of complexity. The layoffs are intended to sharpen the company's absorption connected its halfway priorities, including embedding AI crossed its services, the memo said.

Separate partnerships with Anthropic and OpenAI — some structured arsenic multi-year agreements — volition embed those companies' AI models into Intuit's products portion besides making Intuit's tax, accounting, financial, and selling tools disposable wrong Claude and ChatGPT, Reuters reported.

The Reno and Woodland Hills bureau locations are slated to close, with the memo describing the determination arsenic an effort to propulsion dispersed teams unneurotic into a smaller fig of cardinal hubs. Before the cuts, Intuit's yearly study enactment its headcount astatine astir 18,200 radical dispersed crossed 7 countries, with that fig dated to July 31, 2025.

According to the memo, severance for workers successful the United States volition dwell of 16 weeks of basal pay, with 2 much weeks added for each twelvemonth the worker has worked astatine the company; those workers volition officially exit connected July 31.

Intuit banal fell astir 5% successful greeting trading connected Wednesday. The institution was scheduled to study third-quarter results aboriginal the aforesaid day.

Intuit's announcement adds its sanction to a roster of employers — among them Meta, Block, Amazon, and Pinterest — that person trimmed payrolls successful 2026, with a fig of those companies attributing the decisions astatine slightest partially to ratio gains delivered by AI tools, Reuters noted. Data compiled by Layoffs.fyi, which monitors occupation eliminations crossed the exertion industry, shows that upward of 111,000 positions person been chopped astatine much than 140 tech firms truthful acold this year, Reuters reported.