Location: Mountain View, California.
Based on news reporting.
Intuit Inc. has announced the layoff of approximately 700 employees as part of a significant workforce reduction. This decision comes in the wake of a disappointing revenue report, which saw the company's stock drop by 12%. The layoffs are part of a broader effort to streamline operations and improve financial performance. The affected employees are primarily based in Mountain View, California. This move reflects the company's response to ongoing economic challenges and aims to position Intuit for future growth.
Intuit Inc. cut 700 jobs as of October 1, 2023.
That is roughly 3.7% 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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