July 10, 2024 · Fortune
Intuit Cuts 1,800 Workers While Ramping Up AI Hiring
Intuit laid off about 1,800 employees — 10% of its workforce — in what the company described as an AI-driven workforce transformation rather than a cost-cutting measure. CEO Sasan Goodarzi said Intuit plans to hire roughly the same number of people in AI and engineering roles. The move reflects a broader industry pattern of replacing traditional roles with AI-focused positions.
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