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May 20, 2026
· 2 min read
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Intuit to cut 17% of global jobs to streamline operations, memo shows: Reuters exclusive - BNN Bloomberg
Original article ↗B.I.A.S. ANALYSIS
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Article Excerpt
Intuit is laying off about 17 per cent of its workforce, or about 3,000 employees worldwide, to streamline operations and sharpen focus on its key bets including its AI efforts, according to an internal memo seen by Reuters on Wednesday.
CEO Sasan Goodarzi sent an email to staff earlier in the day, saying that reducing complexity and simplifying the structure would help it deliver better products, according to the memo and a source familiar with the matter.
Latest updates on company news here
Intuit, which is scheduled to report third-quarter results later on Wednesday, did not immediately …
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