Based on news reporting.
Intuit Inc. has announced a significant reduction in its workforce, cutting 17% of its employees, which translates to approximately 1,700 positions. This decision comes as the company faces challenges in the current economic climate, leading to a drop in its stock price by 5%. The layoffs are part of a broader restructuring effort aimed at streamlining operations and improving financial performance. The company has not specified the exact locations or departments affected by these layoffs, but the move indicates a strategic shift in response to market pressures.
Intuit Inc. cut 1,700 jobs as of October 1, 2023.
That is roughly 9% of the 18,800 people Intuit Inc. employs.
LayoffTalk has tracked 18 layoff events at Intuit Inc. since October 2023, affecting a combined 13,810 employees.
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