Intuit to lay off 17% of workforce by July 31 amid AI restructuring, memo says

Intuit is cutting about 3,000 jobs worldwide – roughly 17% of its workforce – as the TurboTax and QuickBooks maker restructures around AI investments and streamlined operations, according to an internal memo seen by Reuters on Wednesday.

Intuit had about 18,200 employees in seven countries as of July 31, 2025, according to the company's annual report – meaning about 3,000 employees are slated for pink slips.

CEO Sasan Goodarzi sent an email to staff earlier in the day, saying that reducing complexity and simplifying the structure would help it deliver better products, according to the memo and a source familiar with the matter.

It joins a growing list of companies that have announced job cuts this year, with some blaming the layoffs on higher efficiencies brought on by AI, including Jack Dorsey's Block, Amazon, Pinterest, and, most recently, Meta, which also cut 10% of its workforce this week.

Goodarzi said in his email the layoffs would help Intuit sharpen its focus on the company's big bets, including efforts to infuse AI technology across its services.

The company has signed multi-year deals with AI startups Anthropic and OpenAI to integrate their AI models into its software, and add Intuit's personalized tax, finance, accounting, and marketing capabilities into Claude and ChatGPT.

The last day for impacted staff in the United States will be July 31, and they will receive 16 weeks of base pay and two extra weeks for every year at Intuit as part of the severance package, the memo on Wednesday showed.

The company is also winding down its Reno and Woodland Hills offices as part of a strategic restructuring to consolidate teams in key hubs, according to the memo.

Silicon Valley employees have grown increasingly concerned about AI disruption in recent months after over 140 tech companies laid off more than 111,000 employees this year, according to Layoffs.fyi, a website tracking sectorwide job cuts. The figure was around 124,636 for 2025.

At the World Economic Forum's annual meeting in January, two executives told Reuters that AI would be used as an excuse by companies that were already planning layoffs.

Intuit, which is scheduled to report third-quarter results later on Wednesday, did not immediately return a request for comment. Its shares were down nearly 5% in morning trading.

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