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Tax preparation company Intuit to lay off 1,800 as part of an AI-focused reorganization plan

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Tax preparation and financial software company Intuit announced an AI-focused reorganization plan Wednesday that includes laying off about 10% of its workforce.

FILE - Intuit TurboTax packages are seen on display in a Costco Warehouse, Jan. 26, 2023, in Pittsburgh. Tax preparation and financial software company Intuit announced an AI-focused reorganization plan Wednesday, July 10, 2024, that includes laying off about 10% of its workforce. –

Another 300 positions are being eliminated"to streamline work and reallocate resources toward key growth areas," the email said. “The era of AI is one of the most significant technology shifts of our lifetime,” Goodarzi said in the opening of his email to staff. ”Companies that aren’t prepared to take advantage of this AI revolution will fall behind and, over time, will no longer exist.”

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Tax preparation company Intuit to lay off 1,800 as part of an AI-focused reorganization planTax preparation and financial software company Intuit announced an AI-focused reorganization plan Wednesday that includes laying off about 10% of its workforce.
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