Intuit lays off 17% of its global workforce | CBC News

Intuit reduced its full-time workforce by 17%, eliminating about 3,000 roles worldwide. The company plans to streamline operations by reducing management, coordination-heavy, and redundant positions. It will wind down offices in Reno, Nevada, and Woodland Hills, California. Intuit also plans to reduce investments in Mailchimp and reduce overlap between TurboTax and Credit Karma after product integration. The company aims to deliver customer benefits using an unmatched combination of data, AI, and human expertise, while scaling an AI-native platform. Intuit did not specify how many impacted jobs were in Canada, despite having an office in Toronto and previously having an Edmonton office that was eliminated in 2024 layoffs affecting 1,800 people.

"Intuit has laid off 17 per cent of its full-time workforce or about 3,000 roles worldwide as it plans to streamline the business and focus on key areas, including AI. In an email sent to employees on Wednesday, CEO Sasan Goodarzi said the company was "reducing complexity and simplifying our structure" to better deliver on growth and three big goals, including scaling their "AI-native platform.""

""We must accelerate delivering undisputed customer benefits with an unmatched combination of data, AI, and human expertise," his memo read in part. The note to employees said the TurboTax parent company would reduce management, co-ordination-heavy and redundant roles, in addition to windind down offices in Reno, Nev., and Woodland Hills, Calif."

"Intuit also plans to reduce investments in Mailchimp and says it will reduce overlap between TurboTax and Credit Karma now that those products have been integrated, according to the note. Intuit told CBC News in an email that it would not detail how many of the impacted jobs were in Canada. The company has an office in Toronto and previously had an office in Edmonton, though that location was scrapped in a 2024 round of layoffs that affected 1,800 people."

"Intuit had about 18,200 employees in seven countries as of July 31, 2025, according to the company's annual report. Affected workers were notified Wednesday about their employment status, per the note. WATCH | What the mass layoffs at crypto company Coinbase mean: Coinbase is laying off 14 per cent of its workforce. What does that mean for the future of software developers?"

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