Intuit Lays Off 3,000 Employees as CEO Denies AI Connection in Mad Money Interview - OpenTools

Intuit announced it is laying off approximately 3,000 employees, representing about 17% of its global workforce, as part of a restructuring plan.

He emphasized that the decision was not about replacing workers with AI but about reallocating resources. The affected employees will receive severance packages and support, although specific details were not disclosed in the interview.

The layoffs come amid a broader trend of technology companies reducing headcount while increasing spending on AI capabilities. The company's workforce reductions reflect similar moves by other major tech firms, though Goodarzi's comments specifically distance the cuts from AI adoption.