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.
Andrew 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.
Big day for leaked memos.
Andrew Curran@AndrewCurran_https://www.reuters.com/business/world-at-work/intuit-cut-17-global-jobs-streamline-operations-memo-shows-2026-05-20/
Andrew Curran@AndrewCurran_Big day for leaked memos.
#1032Rohan Paul@ROHANPAUL_AIMark Zuckerberg told employees in a Wednesday memo that laying off 8,000 workers was necessary because “success isn’t a given.”
The full memo, as published by businessinsider.
"Hey everyone, I want to express my gratitude to everyone leaving today for all of the hard work you've put into serving our community.
It's always sad to say goodbye to people who have contributed to our mission and to building this company. I feel the weight of that, and I'm spending a lot of time making sure we manage this as well as possible.
This is the most dynamic I have seen our industry. I'm optimistic about everything we're building to give billions of people the power to express themselves and connect with the people they care about. I'm also optimistic about delivering personal superintelligence to everyone. We've always focused on putting power in people's hands. This is how we believe progress is made in the world. These values are what makes us different, and they are why Meta has been successful. But success isn't a given. AI is the most consequential technology of our lifetimes. The companies that lead the way will define the next generation.
We're transforming our company to make sure it will always be the best place for talented people to have the greatest impact. People tell us that they appreciate the ability to take greater ownership and execute their vision with less bureaucracy and management to navigate. At the same time, we also want to provide everyone with as much stability as possible. We won't always get this balance right, but I care deeply about this so we'll keep adjusting and work hard to do right by people along the way.
To that end, I want to be clear that we do not expect other company-wide layoffs this year. I also want to acknowledge that we haven't been as clear as we aspire to be in our communication, and that's one area I want to make sure we improve.
I'm confident in what we're all building together. We are one of the few companies positioned to help define the future. Meta has the talent, the infrastructure, the apps and distribution, and the business model. We have a lot of work ahead, but what's on the other side is going to be extraordinary.
Once again, I'm grateful to those leaving today. And I'm grateful to everyone around the company for all of the historic work we will continue doing together. Mark"
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businessinsider .com/heres-what-mark-zuckerberg-said-about-future-layoffs-at-meta-2026-5
Rohan Paul@rohanpaul_aiCNBC: Meta starts major cuts with 8,000 layoffs as AI shakes the tech giant. Along with the layoffs, around 7,000 employees will be shifted into new AI-focused roles. Meta is not only trimming costs, it is changing its internal shape around AI infrastructure, foundation models, and AI monetization, which means the company wants more people building the systems that train models, the models themselves, and the products that turn those models into revenue. --- cnbc .com/2026/05/20/meta-layoffs-zuckerberg-says-success-isnt-a-given-in-memo.html
CNBC: Meta starts major cuts with 8,000 layoffs as AI shakes the tech giant.
Along with the layoffs, around 7,000 employees will be shifted into new AI-focused roles.
Meta is not only trimming costs, it is changing its internal shape around AI infrastructure, foundation models, and AI monetization, which means the company wants more people building the systems that train models, the models themselves, and the products that turn those models into revenue.
---
cnbc .com/2026/05/20/meta-layoffs-zuckerberg-says-success-isnt-a-given-in-memo.html
#1497Zephyr@ZEPHYR_Z9SaaS firms will probably cut 40%-50% of their workforce within 2 years