Location: California, USA.
Department affected: Mailchimp.
Based on news reporting.
Intuit Inc. has announced layoffs affecting approximately 2,000 employees as the company grapples with fears surrounding AI disruption. This decision comes in the wake of a significant 55% drop in stock value, prompting concerns among investors. The layoffs are part of a broader effort to streamline operations and address the challenges posed by rapid technological advancements. The affected employees are primarily based in California, where the company has its headquarters. This move reflects Intuit's response to the evolving market landscape and aims to position the company for future growth despite current setbacks.
Intuit Inc. cut 2,000 jobs affecting its Mailchimp team as of October 1, 2023.
That is roughly 10.6% 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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