Intuit lays off 3,000 employees as TurboTax owner cuts 17% of workforce to focus on AI

Intuit is cutting 3,000 jobs, or roughly 17% of its global workforce, as the TurboTax maker restructures around artificial intelligence and trims layers inside the company.

The layoffs were disclosed in an internal memo sent Wednesday by CEO Sasan Goodarzi and reviewed by Reuters. In the message, Goodarzi told employees the company is simplifying its structure and reducing complexity as it pushes deeper into AI across its products and services.

The news comes the same day Meta began the first round of its planned 10% workforce reduction, cutting roughly 8,000 roles as the Facebook parent ramps up spending on AI infrastructure and automation.

The move lands at a tense moment across Silicon Valley, where workers are growing increasingly uneasy about how quickly AI is changing hiring plans and corporate priorities. More than 140 tech companies have cut over 111,000 jobs this year alone, according to Layoffs.fyi, a site tracking tech layoffs. Last year’s total reached roughly 124,000.

Intuit joins a growing list of tech companies linking restructuring efforts to AI efficiency gains. Firms including Block, Amazon, and Pinterest have all announced cuts as executives race to reorganize around generative AI tools and automation.

Goodarzi said the cuts will help Intuit sharpen focus on its “big bets,” including integrating AI more deeply into the company’s ecosystem of financial, tax, accounting, and marketing products.

TurboTax maker Intuit lays off 3,000 workers as AI transformation accelerates

That AI push has already led Intuit to partner with OpenAI and Anthropic under multi-year agreements to bring Intuit’s services into ChatGPT and Claude. The company is working to weave personalized finance and tax capabilities into AI assistants that millions of consumers and businesses now use daily.

The restructuring comes as Intuit prepares to report third-quarter earnings later Wednesday. The company did not immediately respond to Reuters’ request for comment.

Employees affected in the U.S. will remain on payroll through July 31, according to the memo. Intuit said that impacted workers will receive 16 weeks of base pay, plus an additional 2 weeks for each year spent at the company, Reuters reported.

As of July 31, 2025, Intuit employed roughly 18,200 people across seven countries, according to its annual report.

The broader debate around AI and jobs has grown louder in recent months. At the World Economic Forum’s annual meeting in January, two executives told Reuters that some companies may use AI as cover for layoffs already planned long before the technology boom accelerated.

For workers across the tech industry, that distinction is starting to matter less. The result has been the same: leaner teams, higher pressure, and a growing sense that AI is no longer sitting on the sidelines of corporate strategy.