Intuit is cutting about 3,000 jobs, or roughly 17% of its workforce, as it launches a major restructuring tied to artificial intelligence. The company also plans to close two office locations as it works to simplify operations and speed up decision-making.
The maker of TurboTax and QuickBooks said the changes will reduce internal complexity. Leadership wants to shift more resources toward artificial intelligence. Investors reacte
d quickly to the news, sending shares down nearly 5% in early trading.
Intuit moves to simplify operations
Intuit is eliminating about 3,000 roles across its global workforce. The company said the cuts will affect multiple teams and functions. It also confirmed plans to shut its Reno and Woodland Hills offices.
The company aims to centralize operations into fewer hubs. Executives believe this will improve coordination across teams. They also want to reduce layers of management that slow product development.
Affected U.S. employees will receive severance pay. They will get 16 weeks of base salary. Employees will also receive two extra weeks for each year they worked at the company. Their employment will end on July 31.
The company had about 18,200 employees worldwide before the restructuring, according to its most recent annual report.
AI strategy drives major restructuring
Artificial intelligence sits at the center of Intuit’s new strategy. The company is increasing its investment in AI tools across its product lineup.
Intuit has expanded partnerships with OpenAI and Anthropic. These agreements allow Intuit to integrate advanced AI models into its financial software.
The company also plans to embed its tools inside external AI platforms, including ChatGPT and Claude. This move expands how users interact with Intuit’s services.
Executives say AI will help automate financial tasks. They also expect it to improve accuracy and reduce manual work for customers. The company is building more features that rely on machine learning and generative AI.
Office closures and workforce impact
Intuit will close its Reno and Woodland Hills offices as part of the restructuring. Leadership wants to bring teams into fewer locations. The company believes this will improve efficiency and communication.
The layoffs reflect a broader shift across the tech industry. Many companies now restructure around AI adoption and cost efficiency.
Meta, Amazon, Block, and Pinterest have also reduced headcount in 2026.
These companies cite automation and restructuring as key drivers. Many also invest heavily in AI tools that change how teams operate.
Industry data shows more than 111,000 tech jobs have been cut across 140 companies this year. The trend signals ongoing pressure across the sector as firms adjust to new technology and slower growth in some areas.
Intuit now joins that wave of companies reshaping their workforce around artificial intelligence. The company expects the restructuring to simplify operations and support long-term product growth.
Source acknowledgment: Quartz Media Network reporting, based on Reuters and company internal memo details.
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