Intuit to lay off over 3k employees to refocus on AI

Re:Intuit to lay off over 3k employees to refocus on AI by insane_dreamer on Wednesday May 20, 2026 @11:37PM (#48217577)

> In its fiscal second quarter ended January, Intuit reported revenue of $4.65 billion, a 17% increase, and net profit of $693 million, a 48% improvement compared to a year earlier.

So profits are up 50% YOY and the CEO got a $30M package, but they're cutting 3000 employees.

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Re:Intuit to lay off over 3k employees to refocus on AI by matwood on Thursday May 21, 2026 @12:32AM (#48217891)

Companies aren’t charities. If those 3k employees were important to the revenue or profit, we’ll find out in the next couple quarters.

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