Intuit shares drop despite Q3 beat on TurboTax weakness, workforce reduction

Intuit Inc (NASDAQ:INTU, XETRA:ITU) shares opened about 19% lower on Thursday despite the company posting fiscal third ...
eWeek

Intuit Cuts 3,000 Jobs, Putting Spotlight on Tech’s AI Restructuring Wave

AI thrives on data but feeding it the right data is harder than it seems. As enterprises scale their AI initiatives, they ...
InvestorsHub on MSN

Intuit shares tumble after weaker TurboTax outlook despite stronger earnings guidance (INTU)

Intuit (NASDAQ:INTU) raised its full-year guidance and delivered third-quarter results ahead of expectations as the company ...

Intuit cuts 3,000 jobs as it refocuses on AI, but says layoffs are "not about AI"

CEO Sasan Goodarzi sent an email to staff yesterday saying that the 17% staff reduction would help the firm deliver better products. Goodarzi added that the ...

California’s Intuit to slash thousands of jobs, cut workforce by 17%, internal memo shows

Tech giant Intuit is shuttering its Los Angeles-area office and slashing thousands of jobs worldwide in a sweeping shakeup ...

Off 60% From Its High, Is Intuit Stock A Buying Opportunity?

Intuit (INTU) stock currently trades at $332 in extended trading, representing a roughly 60% decline from its 52-week high of $813. Based on management's raised FY26 non-GAAP EPS guidance of $23.80 to ...

Intuit plans to cut workforce by about 17% as tax software maker reckons with slowing growth

Intuit's stock has been hammered this year as investors worry that generative artificial intelligence models could threaten ...
The HR Digest

Intuit Denies 2026 Layoffs Are AI-Driven, as Streamlining Goals Lead the Way

Intuit denies layoffs are linked to AI, but the technology is redefining operations nonetheless, with 17% of its workforce ...

Intuit outlines $21.341B-$21.374B FY2026 revenue as it cuts workforce 17%

Q3 fiscal 2026. Management View "We delivered strong overall results this quarter with Q3 revenue growing 10% as we made significant progress ...

Intuit to cut 17% of staff, invest in 'big bets'

The maker of TurboTax and QuickBooks will lay off nearly a fifth of its workforce as it makes artificial intelligence a ...