Intuit, the financial software company behind TurboTax, QuickBooks, Mailchimp and Credit Karma, is cutting about 3,000 jobs as the company accelerates its artificial intelligence strategy and restructures operations, according to company statements and media reports.
The layoffs, representing roughly 17% of Intuit’s workforce, triggered widespread discussion online after the X account LayoffAI linked the cuts directly to the company’s growing investments in AI technology. Reuters reported that Intuit CEO Sasan Goodarzi told employees in an internal memo that the restructuring was intended to “reduce complexity” and improve execution as the company focuses on AI-driven growth initiatives.
READ: Amazon cuts 16,000 more jobs, bringing total layoffs to 30,000 (January 28, 2026)
Intuit has recently expanded partnerships with OpenAI and Anthropic to integrate generative AI tools and AI agents into its products. The company has promoted AI-powered automation across accounting, payroll, tax preparation and customer support services aimed at small businesses and consumers.
According to Reuters, the company is also closing offices in Reno, Nevada, and Woodland Hills, California. Affected U.S. employees are expected to remain on payroll through July 31 and receive severance packages that include at least 16 weeks of pay.
The layoffs reflect a broader trend across the technology industry, where companies are increasing investments in automation and generative AI while reducing headcount in traditional operational and support roles. Analysts say many firms are reallocating spending toward engineering, infrastructure and AI product development to remain competitive in a rapidly changing market.
Social media reactions to the layoffs highlighted growing concerns about how AI could reshape white-collar employment. Some users argued companies are using AI to justify cost reductions, while others said the technology shift is forcing businesses to rethink workforce needs and productivity expectations across finance and software sectors.