Overview
- An internal memo disclosed on May 20 said Intuit will eliminate about 3,000 jobs, roughly 17% of its roughly 18,200 employees worldwide, to reduce complexity and streamline operations.
- The company set July 31 as the last day for affected U.S. staff and offered severance of 16 weeks of base pay plus two additional weeks for each year of service.
- Intuit will wind down offices in Reno and Woodland Hills and consolidate teams into fewer hubs as part of the reorganization.
- The company has signed multi-year deals to integrate OpenAI and Anthropic models into its products and to surface Intuit capabilities inside ChatGPT and Claude, which leadership cited as a reason for reallocating talent.
- The announcement arrived the same day Intuit was due to report fiscal third-quarter results and sent INTU shares down about 5%, joining a larger 2026 wave of tech layoffs tracked by Layoffs.fyi that companies have linked to AI-driven efficiency changes.