Enterprise software giant Intuit has announced the lay-off of over 3,000 employees, or 17%, as it aims to streamline its corporate structure and prioritise artificial intelligence (AI) initiatives. CEO Sasan Goodarzi cited a need for simplification in an internal memo.
The move comes amid widespread layoffs across the tech sector, with companies like Amazon, Microsoft and Oracle all cutting thousands of jobs this year. Despite strong revenues and profits, Intuit has lagged behind in the AI race.
According to Reuters, Intuit had 18,200 employees as of July 2025. The company’s shares have underperformed the S&P 500 over the past year, reflecting concerns that traditional software firms may struggle against emerging AI technologies.
In its recent fiscal second quarter, Intuit reported a 17% increase in revenue to $4.65 billion and a 48% improvement in net profit to $693 million. However, with the tech industry increasingly focused on AI, the company’s outlook remains uncertain.
