Intuit joins tech layoff wave with 3,000 job cuts tied to AI strategy: Reuters
Intuit will lay off 3,000 employees globally, or 17% of its workforce, to focus on AI-driven products and services, including partnerships with Anthropic and OpenAI. The company is consolidating offices and providing affected U.S. employees with 16 weeks of base pay plus additional severance, amid a broader tech industry trend of AI-related workforce reductions.
Intuit, the company behind TurboTax and QuickBooks, announced plans to cut 3,000 jobs globally, representing nearly 17% of its workforce. The layoffs, detailed in an internal memo, aim to streamline operations and prioritize AI-driven products and services. The company has also secured multi-year agreements with Anthropic and OpenAI to integrate their AI models into its software ecosystem. As of July 2025, Intuit employed around 18,200 people across seven countries. Affected U.S. employees will remain on payroll until July 31 and receive 16 weeks of base pay, along with two extra weeks of severance for each year worked at the company. Intuit is also closing its Reno and Woodland Hills offices as part of broader consolidation efforts. The job cuts follow a trend in Silicon Valley, where companies like Meta, Block, Amazon, and Pinterest have also announced layoffs tied to AI-driven restructuring. Meta alone plans to cut 8,000 jobs and redeploy 7,000 employees to AI-focused teams, highlighting the industry-wide shift toward artificial intelligence. Intuit’s stock fell nearly 5% in morning trading after the announcement, reflecting investor concerns over the restructuring. The move underscores how AI investments are reshaping workforce structures and operational priorities across the tech sector.
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