US-based business software company Intuit is laying off around 3,000 employees, or 17% of its global workforce, as it deepens its push into artificial intelligence. The cuts were announced in an internal memo from Chief Executive Sasan Goodarzi on May 20 and seen by Reuters.
Affected workers in the United States will leave on 31 July, states the report by Reuters on the matter. They will receive 16 weeks of base pay plus two additional weeks for every year at Intuit. The company is also closing its offices in Reno, Nevada, and Woodland Hills, California, as part of a move to consolidate teams in key hubs.
The restructuring arrives alongside multi-year agreements with AI start-ups Anthropic and OpenAI, explains the report. Those deals will embed their models into Intuit’s tax, accounting, and marketing software, while adding the company’s personalised financial capabilities to ChatGPT and Claude. According to the report, Intuit employed roughly 18,200 people across seven countries as of July 31, 2025. The layoffs add to a wider wave of technology job cuts.
According to Layoffs.fyi, more than 111,000 staff have been let go by over 140 firms so far in 2026, following around 124,636 in 2025. In January, two executives told Reuters at the World Economic Forum that AI is increasingly being used as cover for reductions already planned.