Intuit has downsized its full-time workforce by 17 percent, affecting approximately 3,000 positions globally. The company’s CEO, Sasan Goodarzi, emphasized the need for simplifying operations to enhance growth, particularly focusing on advancing their AI capabilities.
The restructuring aims to optimize efficiency by reducing management layers and eliminating redundant roles. Intuit plans to close offices in Reno, Nev., and Woodland Hills, Calif., while streamlining its investments in Mailchimp and aligning TurboTax and Credit Karma offerings post-integration.
The company refrained from specifying the exact number of Canadian job cuts. With offices in Toronto and previously in Edmonton, which closed in a prior round of layoffs affecting 1,800 employees, Intuit’s workforce totaled about 18,200 across seven countries as of July 31, 2025.
Impacted employees were informed of their status, aligning with a trend of layoffs in tech firms like Amazon, Block, and Pinterest. While not directly linked to AI, many companies, including Intuit, have cited AI developments as influencing workforce changes.
Intuit has engaged in partnerships with AI startups Anthropic and OpenAI to embed their models into its software, enhancing personalized tax, finance, accounting, and marketing services. The layoffs preceded the company’s positive third-quarter results, projecting an increased annual revenue range of $21.34 billion US to $21.37 billion US, leading to an estimated $300 million US restructuring cost.
