LIVE · UPDATED DAILY
REPORTED · NEWSPublished May 22, 2026

Intuit Inc. Announces Significant Workforce Reductions Amid Revenue Decline

EMPLOYEES AFFECTED
700
SHARE OF WORKFORCE
~3.7%
EFFECTIVE DATE
Oct 1, 2023
700 OF 18,800 EMPLOYEES

What we know

Location: Mountain View, California.

Based on news reporting.

Summary

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.

Comments (1)

Anonymous by default. Be kind — people reading this may be going through it right now.

LTLayoffTalk StaffStaff21 hours ago

Intuit Inc. cut 700 jobs on October 1, 2023. Were you affected, or do you know people who were? How was it handled — severance, notice, which teams? You can post anonymously below.

SOURCE
News reporting
View original source ↗
I
Intuit Inc.INTU
Technology · 18,800 employees
18
EVENTS TRACKED
21K
AFFECTED SINCE 2023
View company profile+ Get alerts for Intuit Inc.

Affected by this?

Share your story anonymously — it helps others reading this feel less alone.

Share your story →
CREATED MAY 22, 2026LAST UPDATED MAY 22, 2026