Intuit has made significant workforce reductions, eliminating approximately 3,000 jobs globally, which represent 17% of its full-time employees. The restructuring aims to simplify operations and concentrate on key areas such as artificial intelligence (AI).
In a message to staff on Wednesday, CEO Sasan Goodarzi emphasized the company’s efforts to streamline processes and enhance growth by focusing on three major objectives, including expanding their “AI-native platform.” The memo stressed the importance of leveraging data, AI, and human expertise to provide unparalleled customer benefits.
The communication outlined plans to trim management roles, streamline coordination-heavy positions, and close offices in Reno, Nev., and Woodland Hills, Calif. Intuit also intends to scale back investments in Mailchimp and reduce redundancies between TurboTax and Credit Karma following their integration.
While the exact number of affected Canadian jobs was not disclosed, Intuit previously shuttered its Edmonton office in a 2024 downsizing that impacted 1,800 employees. As of July 31, 2025, the company had a workforce of approximately 18,200 across seven countries.
Employees were notified of their job statuses on Wednesday. The layoffs at Intuit add to a series of workforce reductions announced by various companies this year, including Amazon, Block, and Pinterest, with some attributing the cuts to AI-related factors.
Intuit recently engaged in multi-year partnerships with AI startups Anthropic and OpenAI to integrate their AI models into its software platforms, enhancing personalized tax, finance, accounting, and marketing services. The company anticipates annual revenues between $21.34 billion US and $21.37 billion US, up from the initial projection of $21 billion US to $21.19 billion US.
The restructuring is expected to incur approximately $300 million US in charges, according to Reuters.
