Intuit plans to eliminate roughly 3,000 jobs — equivalent to about 17% of its total workforce — in a broad restructuring effort centered on reducing organizational complexity and accelerating its push into artificial intelligence, according to an internal memo reported by Reuters.
In a message to employees Wednesday, CEO Sasan Goodarzi framed the reorganization as necessary for the company to build stronger products, pointing to the need to strip away layers of complexity. The layoffs are intended to sharpen the company’s focus on its core priorities, including embedding AI across its services, the memo said.
Separate partnerships with Anthropic and OpenAI — both structured as multi-year agreements — will embed those companies’ AI models into Intuit’s products while also making Intuit’s tax, accounting, financial, and marketing tools available inside Claude and ChatGPT, Reuters reported.
The Reno and Woodland Hills office locations are slated to close, with the memo describing the move as an effort to pull dispersed teams together into a smaller number of central hubs. Before the cuts, Intuit’s annual report put its headcount at around 18,200 people spread across seven countries, with that figure dated to July 31, 2025.
According to the memo, severance for workers in the United States will consist of 16 weeks of base pay, with two more weeks added for each year the employee has worked at the company; those workers will officially exit on July 31.
Intuit stock fell nearly 5% in morning trading on Wednesday. The company was scheduled to report third-quarter results later the same day.
Intuit’s announcement adds its name to a roster of employers — among them Meta, Block, Amazon, and Pinterest — that have trimmed payrolls in 2026, with a number of those companies attributing the decisions at least partly to efficiency gains delivered by AI tools, Reuters noted. Data compiled by Layoffs.fyi, which monitors job eliminations across the technology industry, shows that upward of 111,000 positions have been cut at more than 140 tech firms so far this year, Reuters reported.