Intuit, the tax preparation and financial software company, has announced a reorganization plan with a focus on artificial intelligence (AI). As part of this plan, the company will be laying off approximately 10% of its workforce, which amounts to 1,800 employees. However, Intuit expects to hire a similar number of employees in fiscal 2025 as it intensifies its efforts to integrate AI into its products and services.
CEO Sasan Goodarzi explained in an email to employees that over 1,000 of the layoffs were due to employees not meeting the company's heightened expectations. Additionally, 300 positions are being eliminated to streamline operations and redirect resources towards key growth areas.
