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Fortune

Sheryl Estrada

Exclusive: Intuit is laying off 1,800 employees due to AI transformation

Intuit Sasan Goodarzi United States Fortune

(Credit: Getty)

Intuit will tell approximately 1,800 of its global employees—10% of its workforce—they will be leaving the company. But leadership says the move isn't to cut costs.

Sasan Goodarzi, CEO of the Fortune 500 company, which offers products like QuickBooks, Credit Karma, and TurboTax, wrote an internal email to employees, seen by Fortune, announcing the “very difficult decisions my leadership team and I have made.”

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