Intuit recently downsized its workforce by 17%, eliminating approximately 3,000 full-time positions globally to streamline operations and prioritize key areas such as AI. CEO Sasan Goodarzi communicated this decision in an internal email, emphasizing the company’s focus on simplifying its structure to drive growth and achieve strategic objectives, notably enhancing their “AI-native platform.”
The restructuring initiative involves reducing management positions, streamlining operations, and phasing out offices in Reno, Nevada, and Woodland Hills, California. Intuit also disclosed plans to scale back investments in Mailchimp and address product overlap between TurboTax and Credit Karma following their integration.
While specific details regarding the impact on Canadian jobs were not provided, Intuit’s previous layoffs, which affected 1,800 employees in Edmonton, underscore the broader workforce reduction. As of July 31, 2025, Intuit employed around 18,200 individuals across seven countries.
Impacted employees were informed of their job status on Wednesday. The layoffs align Intuit with a trend of companies implementing workforce reductions this year, with notable examples including Amazon shedding 16,000 jobs, Block cutting 4,000 positions, and Pinterest reducing its workforce by 15%.
Intuit’s strategic partnerships with AI startups Anthropic and OpenAI underscore its commitment to integrating advanced AI technologies into its software solutions. These collaborations aim to enhance Intuit’s offerings in tax, finance, accounting, and marketing services by leveraging cutting-edge AI models.
The layoffs occurred ahead of Intuit’s third-quarter financial results, projecting an annual revenue range of $21.34 billion US to $21.37 billion US, surpassing initial forecasts. However, the restructuring is expected to incur approximately $300 million US in charges, as reported by Reuters.