Intuit cuts 3,000 jobs, about 17% of workforce

Intuit said it will eliminate about 3,000 roles, roughly 17% of its global workforce, as it narrows priorities to three strategic bets including artificial intelligence and a simpler organizational structure. The company announced the reductions the same day it reported quarterly results.

Intuit reported third-quarter revenue of $8.6 billion, a 10% increase from a year earlier. The company raised its full-year revenue guidance to a range of $21.34 billion to $21.37 billion, implying roughly 13% to 14% growth for the fiscal year.

In a memo to staff, CEO Sasan Goodarzi wrote, “We have spent significant time evaluating how we focus the company with greater velocity and discipline. We believe we can serve more customers and deliver breakthrough products that fuel our customers’ success by reducing complexity and simplifying our structure to become a faster, leaner, and more focused company.”

Affected U.S. employees are scheduled to depart on July 31. Intuit said U.S. staff will receive 16 weeks of base pay plus an additional two weeks of pay for each year of tenure. The company did not specify severance or exit arrangements for employees outside the United States.

Intuit flagged estimated restructuring charges of about $300 million to $340 million, most of which it expects to record in the fiscal fourth quarter ending July 31, 2026. The company also said it will wind down offices in Reno, Nevada, and Woodland Hills, California.

Intuit said the reductions aim to reduce complexity and speed product development by redeploying resources to priority areas. The company did not provide a post-reduction headcount or a detailed breakdown of which teams or geographies will see the largest cuts.

The layoffs come amid broader job reductions in the technology sector tied in part to investments in AI and automation. The announcement coincided with another large employer cutting several thousand roles, and other firms including Standard Chartered, Block, Amazon, Dune and Pinterest have cited AI-related efficiency when trimming staff. Industry tallies show more than 140 technology companies have cut over 111,000 roles so far in 2026.

Intuit, known for its tax and accounting software brands, has added AI features across its products in recent years. The company said it expects the restructuring to involve one-time costs and to improve long-term operating efficiency as it focuses development on the three strategic areas it identified.