Intuit has downsized its full-time workforce by 17 percent, approximately 3,000 positions globally, to enhance operational efficiency and concentrate on strategic priorities, notably AI technology. CEO Sasan Goodarzi, in an internal email on Wednesday, emphasized the company’s efforts to simplify its organizational structure for better growth and achievement of key objectives, such as advancing their AI-focused platform.
The communication outlined Intuit’s intention to trim management layers, eliminate redundant roles, and close offices in Reno, Nev., and Woodland Hills, Calif. Additionally, the company plans to optimize resources by reducing investments in Mailchimp and streamlining operations between TurboTax and Credit Karma following their integration.
While specific details on the Canadian impact were not disclosed, Intuit, with offices in Toronto, had previously closed its Edmonton location during a 2024 round of layoffs affecting 1,800 employees. As of July 31, 2025, the company had around 18,200 employees across seven countries.
Impacted employees were notified of their job statuses on Wednesday. Intuit’s restructuring efforts align with industry trends, as other major companies like Amazon, Block, and Pinterest have also announced significant workforce reductions this year, with some attributing the changes to AI-related considerations.
Intuit’s strategic partnerships with AI startups Anthropic and OpenAI aim to enhance its software capabilities in tax, finance, accounting, and marketing services. The recent layoffs preceded the company’s positive third-quarter results, forecasting annual revenue between $21.34 billion and $21.37 billion, an increase from its previous estimate. However, the restructuring is expected to incur approximately $300 million in charges for the company, as reported by Reuters.