Intuit Layoffs: ‘None of It Had To Do With AI’, Says CEO Sasan Goodarzi As Company Cuts 17% of Global Workforce

Intuit is cutting roughly 17 per cent of its workforce, impacting about 3,000 employees. CEO Sasan Goodarzi clarified that the layoffs aim to flatten management and improve execution, rather than replace human workers with AI. The cuts occur alongside strong fiscal Q3 results, but a 41 per cent drop in Intuit's stock value this year.