Intuit has downsized its full-time workforce by 17%, equating to approximately 3,000 positions globally, as part of its efforts to streamline operations and prioritize areas such as AI.
CEO Sasan Goodarzi, in an internal email on Wednesday, emphasized the company’s commitment to simplifying its structure to enhance growth and achieve key objectives, particularly in advancing its “AI-native platform.”
The communication outlined plans to trim management roles, streamline coordination-heavy functions, and eliminate redundancies. Moreover, Intuit intends to close its offices in Reno, Nev., and Woodland Hills, Calif., while scaling back investments in Mailchimp and aligning TurboTax and Credit Karma offerings following their integration.
Although specific details on Canadian job impacts were not disclosed, Intuit’s previous Edmonton office closure in 2024 affected 1,800 employees. As of July 31, 2025, the company had a workforce of about 18,200 across seven countries.
Impacted employees were informed of their status on Wednesday, as part of the restructuring initiatives. These changes precede Intuit’s third-quarter financial results, projecting annual revenues to reach $21.34 billion US to $21.37 billion US, up from initial estimates.
Intuit’s strategic partnerships with AI startups Anthropic and OpenAI are aimed at integrating advanced AI models into its software, enhancing personalized tax, finance, accounting, and marketing services through Claude and ChatGPT.
The layoffs coincide with a broader trend of job reductions in the tech industry, with companies like Amazon, Block, and Pinterest announcing significant workforce cuts. While the Intuit layoffs did not explicitly link to AI, other tech firms, including Block and Pinterest, have cited AI as a contributing factor to their restructuring efforts.
The restructuring is estimated to incur approximately $300 million US in charges for Intuit, as reported by Reuters.
