Tax software firm Intuit to cut 17% of workforce or nearly 3,000 jobs as focus shifts to AI
Worries over AI’s potential to disrupt Intuit’s tax business have sent its shares down 42 per cent in 2026.
- Intuit cuts 17% of its staff to focus on AI but refuses to blame AI SiliconANGLE —
- Intuit axes 3,000 – without blaming AI The Register —
- Intuit to Cut Staff, Invest in ‘Big Bets’ Wall Street Journal —
- Intuit outlines $21.341B-$21.374B FY2026 revenue as it cuts workforce 17% Seeking Alpha —
- Intuit plans to cut workforce by about 17% as tax software maker reckons with slowing growth CNBC —