US-based software company Intuit is set to lay off approximately 3,000 employees, which accounts for 17% of its global workforce, as the company intensifies its focus on artificial intelligence. The announcement of the job cuts came through an internal memo from CEO Sasan Goodarzi on May 20, as reported by Reuters.
As per Reuters, impacted employees in the United States are expected to depart by July 31. They will be provided with a severance package equivalent to 16 weeks of base pay, with an additional two weeks of pay for each year served at Intuit. The company is also shutting down its offices in Reno, Nevada, and Woodland Hills, California, as part of a strategy to consolidate teams in key locations.
This restructuring coincides with Intuit’s establishment of long-term partnerships with AI startups Anthropic and OpenAI. These collaborations will integrate their models into Intuit’s tax, accounting, and marketing software, enhancing the company’s personalized financial features in ChatGPT and Claude. As of July 31, 2025, Intuit had a workforce of about 18,200 employees across seven countries. These layoffs contribute to a broader trend of technology companies reducing their workforce.
According to data from Layoffs.fyi, more than 111,000 employees have been laid off by over 140 companies in 2026, following a total of approximately 124,636 job cuts in 2025. Earlier this year, executives revealed to Reuters at the World Economic Forum that AI is increasingly being utilized as a rationale for pre-planned staff reductions.
