Intuit has downsized 17% of its full-time workforce, affecting around 3,000 positions globally as part of its efforts to streamline operations and prioritize key areas such as AI. CEO Sasan Goodarzi, in an internal email, emphasized the company’s focus on simplifying structures to drive growth and achieve key objectives, particularly in advancing their “AI-native platform.”
The restructuring involves reducing management roles, eliminating redundant positions, and closing offices in Reno, Nevada, and Woodland Hills, California. Intuit also intends to scale back investments in Mailchimp and minimize overlaps between TurboTax and Credit Karma following their integration.
The company did not disclose the specific number of job cuts in Canada, where it operates in Toronto. Previously, Intuit closed its Edmonton office in a 2024 layoff round affecting 1,800 employees.
As of July 31, 2025, Intuit had approximately 18,200 employees across seven countries. Impacted employees were informed of their job status on Wednesday. These layoffs align with a broader trend seen in various industries this year, with companies like Amazon, Block, and Pinterest announcing significant job reductions, some of which were linked to AI-related factors.
Intuit has struck partnerships with AI startups Anthropic and OpenAI to integrate their models into its software, enhancing its tax, finance, accounting, and marketing capabilities. The restructuring measures were announced just ahead of Intuit’s third-quarter results, projecting an increase in annual revenue to $21.34-$21.37 billion US, up from the initial forecast of $21-$21.19 billion US. The company anticipates incurring around $300 million US in restructuring charges due to the layoffs.