Intuit cuts 17% of staff to redirect resources toward AI

TechCrunch, citing Reuters, reports that Intuit is cutting about 17% of its workforce, or more than 3,000 people, as CEO Sasan Goodarzi redirects resources toward AI. The company had 18,200 employees worldwide as of July 2025 and reported $4.65B in fiscal second-quarter revenue, up 17%, with $693M in net profit, up 48%. That contrast is the point: many tech layoffs are now happening at profitable companies that are using AI as a reason to restructure rather than as a response to collapse. For traditional software vendors, the pressure is acute because AI threatens both how software is built and how customers interact with products such as TurboTax, QuickBooks, and Credit Karma.

Key details: Intuit, 17% workforce reduction, 3,000+ employees, Sasan Goodarzi, $4.65B Q2 revenue, $693M net profit, TurboTax, QuickBooks.

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