High confidence
Jul 10, 2024
Intuit
−1,800 1,800 (10% of workforce)
Attribution · verbatim quote
“We do not do layoffs to cut costs, and that remains true in this case. This transformation journey is part of our strategy to increase investments in priority focus areas of AI and generative AI.”
— Sasan Goodarzi (ceo)
Summary
Intuit cut 1,800 employees, with CEO Sasan Goodarzi explicitly tying the move to GenAI strategy. The memo noted parallel hiring of 1,800 new staff in AI-priority roles, framing the cuts as reallocation, not cost reduction.
Evidence notes
- · Quote from Goodarzi memo published on Intuit blog.
- · Includes 1,050 'not meeting expectations' departures + 300 role eliminations + 350 office consolidations.