Intuit plans to reduce its workforce by 17% and let go thousands of employees.

Intuit to Cut Jobs and Close Offices Amid AI Transition

Intuit, the tech company known for TurboTax, CreditKarma, and QuickBooks, is shutting down its offices in the Los Angeles area and laying off approximately 3,000 employees worldwide. This move represents about 17% of its global workforce, part of a significant restructuring effort to streamline operations and spotlight artificial intelligence.

The announcement, conveyed through an internal memo, highlights the company’s focus on simplifying its structure. CEO Sasan Goodarzi mentioned that these job cuts are necessary for reducing “complexity” within the organization, which should allow for quicker product delivery and increased investment in priority areas like AI.

The layoffs will notably impact California, with the Woodland Hills office facing downsizing. Another office in Reno, Nevada, will be closed, with employees relocated to a designated “main hub.”

As reported, Intuit had around 18,200 employees across seven countries as of July 31, 2025. Goodarzi’s email detailed that the cuts are aimed at making the company more agile, particularly amid rising concerns within California’s tech sector about AI’s influence on white-collar jobs.

This strategy reflects a broader trend in the tech industry, as many companies, including LinkedIn, have recently announced job cuts—over 600 layoffs just in California alone. So far this year, more than 111,000 tech workers have lost their jobs across 140 companies.

On the same day Intuit announced its layoffs, Meta also began reducing its workforce as part of an AI-focused restructuring. Some companies are openly recognizing that efficiencies gained through AI are decreasing the need for specific roles.

For those impacted by the layoffs, the last working day will be July 31. According to the memo, affected employees will receive 16 weeks of base pay, plus an additional two weeks for each year spent with the company.