Intuit Cuts 3,000 Jobs as AI Race Forces Major Corporate Shake-Up
The restructuring will primarily impact “coordination-heavy” roles such as project managers and business operations staff.
Intuit is laying off around 3,000 employees, which accounts for nearly 17% of its workforce, as the financial software giant restructures its operations to focus more aggressively on AI and product innovation.
The company, best known for TurboTax, QuickBooks and Credit Karma, announced the cuts alongside its latest quarterly earnings report.
CEO Sasan Goodarzi said the layoffs are to simplify Intuit’s corporate structure and speed up decision-making, rather than replace workers with AI. “None of it had to do with AI. Everything was about how do we become more effective,” Goodarzi told analysts during an earnings call.
According to the company, Intuit had roughly 18,200 employees globally as of July 2025. Goodarzi said executives identified too many management layers inside the company, which slowed innovation and created operational complexity.
The restructuring will primarily impact “coordination-heavy” roles such as project managers and business operations staff.
The company is also merging Credit Karma and TurboTax into a single business unit, eliminating overlapping functions between the two divisions.
The layoffs come amid growing concerns that AI adoption is accelerating job cuts across the technology industry. Major firms including Microsoft, Meta and Amazon have announced thousands of layoffs this year while increasing investments in AI infrastructure and tools.
Despite investor concerns, Goodarzi argued that AI will not replace Intuit’s core financial software business.
“People spend seven times more on tax and accounting experts as they do on software, because people don’t buy code, they buy confidence,” he said.
Intuit also reported strong quarterly results, posting adjusted earnings of $12.80 per share on revenue of $8.56 billion, both slightly ahead of Wall Street expectations.
