Seeking Alpha

Intuit stock down after Goldman Sachs lowers recommendation to Sell from Neutral

Intuit (INTU) was trading lower after Goldman Sachs cut its recommendation on the stock to Sell from Neutral, citing fundamentals may get worse before they get better. Shares were 6.86% lower at ...
Reno Gazette-Journal

Intuit files notice for mass layoffs in California and Nevada

Intuit is cutting hundreds of employees across two states as the company officially filed notices for mass layoffs in California and Nevada. Intuit informed public officials on Wednesday, May 20, that ...
San Diego Union-Tribune

Intuit is cutting hundreds of workers in San Diego to focus on AI

Financial software company Intuit is cutting 277 jobs in San Diego as part of a broad restructuring to focus on artificial intelligence. Companywide, the cuts involve nearly 3,000 positions, 17% of ...
The Business Journals

Intuit layoffs hit 660 Bay Area workers as company cuts 17% of workforce

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min Laid-off employees will receive ...
Reno Gazette-Journal

Intuit shutting Reno office as it lays off thousands globally

Global layoffs by Intuit are hitting close to home in Reno as the financial technology services company plans to close its Reno office. Intuit informed employees that it will reduce its full-time ...
Indiatimes

Months after tie-up with OpenAI and Anthropic, Intuit to layoff 3,000 employees; CEO says in memo: Simplifying structure will help …

Intuit employees have become the latest to be affected by the wave of artificial intelligence (AI)-linked job cuts across the technology industry. The US-based financial software maker is reportedly ...
The Straits Times

Tax software firm Intuit to cut 17% of workforce or nearly 3,000 jobs as focus shifts to AI

Bengaluru – Tax and accounting software provider Intuit said it would cut 17 per cent of its full-time workforce, sending its shares down 14 per cent after the bell on May 20 amid lingering fears of ...
TechSpot

Intuit cuts 3,000 jobs as it refocuses on AI, but says layoffs are "not about AI"

A hot potato: It seems we're now at the point where companies are cutting jobs as a result of AI while claiming the layoffs have nothing to do with AI. Business software firm Intuit, maker of TurboTax ...
SiliconANGLE

Intuit cuts 17% of its staff to focus on AI but refuses to blame AI

The financial services software company Intuit Inc., known for platforms that include Credit Karma, QuickBooks and TurboTax, said today it’s letting go 17% of its workforce, or about 3,000 people. The ...
The Business Journals

Intuit, Credit Karma layoffs will affect hundreds in Bay Area, more than 1,000 in California

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min Workers in San Francisco ...
Inc

Intuit, TurboTax’s Parent Company, Lays Off 17 Percent of Workforce to Fund AI Expansion

Intuit, a business software company, is laying off about 17 percent of its workforce, ‌or about 3,000 employees, worldwide. The last day for impacted workers will be July 31, Reuters reported. The ...