4h ago

Intuit is reducing its global workforce by 17 percent, or roughly 3,000 employees, to redirect resources toward AI efforts according to an internal memo reviewed by Reuters

Posts reference Meta cuts and SaaS predictions of 40-50 percent reductions.

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Original post
OPAndrew Curran#517Andrew Curran@ANDREWCURRAN_

Intuit is laying off 17% of its workforce to streamline operations and to focus ​on its AI efforts, according to an internal memo seen by Reuters this morning.

6:18 AM · May 20, 2026 View on X
REPLYAndrew Curran#517Andrew Curran@ANDREWCURRAN_
reuters.com
Exclusive: Intuit to cut 17% of global jobs to streamline operations, memo shows
Intuit is laying off about 17% 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.
Andrew CurranAndrew Curran@AndrewCurran_

Intuit is laying off 17% of its workforce to streamline operations and to focus ​on its AI efforts, according to an internal memo seen by Reuters this morning.

1:18 PM · May 20, 2026 · 10K Views
1:18 PM · May 20, 2026 · 1.5K Views
QUOTE POSTZephyr#1497Zephyr@ZEPHYR_Z9

SaaS firms will probably cut 40%-50% of their workforce within 2 years

1:56 PM · May 20, 2026 · 118.5K Views