The company behind TurboTax, CreditKarma and QuickBooks is laying off about 17% of its global workforce.
The company behind TurboTax, CreditKarma and QuickBooks is laying off roughly 3,000 employees — or about 17% of its global workforce — as part of a restructuring effort aimed at streamlining operations and sharpening its focus on AI, according to anCEO Sasan Goodarzi told employees in an email Wednesday that the layoffs were intended to reduce “complexity” and simplify the company’s structure.
Another office in Reno, Nevada will also shutter, as it consolidates workers into what it described as “key hubs. ” The company employed around 18,200 workers across seven countries as of July 31, 2025, according to its annual report. CEO Sasan Goodarzi told employees in an email Wednesday that the layoffs were intended to reduce “complexity” and simplify the company’s structure so it could deliver products faster and invest more heavily in major priorities — including artificial intelligence, Reuters reported.
Intuit has aggressively pushed into AI in recent years, signing deals with AI firms Anthropic and OpenAI to integrate their technology into products including TurboTax and QuickBooks. The restructuring comes as fears grow across California’s tech industry over the impact AI could have on white-collar jobs. More than 111,000 workers at over 140 tech companies have already been laid off this year, according to data from Layoffs.fyi cited by Reuters.
Some companies have openly acknowledged that AI-driven efficiency gains are reducing the need for certain positions. The last day for affected US employees will be July 31, according to the memo. Workers impacted by the cuts will receive 16 weeks of base pay plus an additional two weeks for every year they worked at Intuit, Reuters reported. Sign up here!
CEO Sasan Goodarzi told employees in an email Wednesday that the layoffs were intended to reduce"complexity" and simplify the company's structure.
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