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

Re:Intuit to lay off over 3k employees to refocus on AI by jimcollinswort1 on Thursday May 21, 2026 @12:28AM (#48217877)

This was the last year for me and my wife to use Turbo Tax, it's been ok for 15 years but I know AI will do it all for us next year, for free. Gemini was very helpful with questions and some skills building this year, I should have tried more.

N ext year I'll basically feed in my W2, 1099s, fidelity forms, insurance, maybe 20-30 documents, and ask for my completed 1040 and related forms. The LLMs already have the data extraction capability, vast tax knowlege, large enough context for personal taxes. We don't need another year to make tax software obsolete.

Actually I'll try a test first, easymgiven I have my 2025 input docs and TurboTax outputs, see howma few models do.

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Re:Intuit to lay off over 3k employees to refocus on AI by ChrisMarshallNY on Thursday May 21, 2026 @01:27AM (#48218262)

I’d be quite careful, giving it your financial information.

I have a friend that uses ChatGPT for medical advice, so it has a lot of very personal information. He asked it if he could trust it with his financial information, and it told him no.

I’ve used a (human) CPA for over a decade. Been well worth it. He easily earns his fees back.

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Re:Intuit to lay off over 3k employees to refocus on AI by noobermin on Thursday May 21, 2026 @01:24AM (#48218233)

Be sure to give it your bank account details and pin number too, so it can fill out that section of the 1040.

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Re:Intuit to lay off over 3k employees to refocus on AI by warmwaffles on Thursday May 21, 2026 @12:50AM (#48217995)

Well if you also have your 2024 input docs as well, you may want to check that too in separate sessions. Post your findings. I'm interested.

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