{"id":604773,"date":"2026-05-20T13:35:00","date_gmt":"2026-05-20T13:35:00","guid":{"rendered":"https:\/\/buglecall.org\/?p=604773"},"modified":"2026-05-20T13:35:00","modified_gmt":"2026-05-20T13:35:00","slug":"ai-purge-accelerates-intuit-reportedly-slashing-17-of-workforce-2","status":"publish","type":"post","link":"https:\/\/buglecall.org\/?p=604773","title":{"rendered":"AI Purge Accelerates: Intuit Reportedly Slashing 17% Of Workforce"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">AI Purge Accelerates: Intuit Reportedly Slashing 17% Of Workforce<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>Intuit, the company that owns TurboTax, QuickBooks, Credit Karma, and Mailchimp, is <strong>reportedly preparing to lay off a staggering 17% of its workforce<\/strong> according to <a href=\"https:\/\/www.reuters.com\/business\/world-at-work\/intuit-cut-17-global-jobs-streamline-operations-memo-shows-2026-05-20\/\">Reuters<\/a>, which cites an internal memo.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\" xml:lang=\"en\">INTUIT TO LAY OFF 17% OF WORKFORCE: MEMO<\/p>\n<p>Initial claims about to print new record low<\/p>\n<p>\u2014 zerohedge (@zerohedge) <a href=\"https:\/\/twitter.com\/zerohedge\/status\/2057083134580072694?ref_src=twsrc%5Etfw\">May 20, 2026<\/a><\/p><\/blockquote>\n<p>Details are scant at the moment regarding the reason for the layoffs, but CEO Sasan Goodarzi sent an email to staff earlier in the day, saying that <strong>reducing complexity and simplifying the structure would help it deliver better \u200bproducts<\/strong>,\u00a0to streamline operations and <strong>sharpen focus \u200bon its key bets including its AI efforts<\/strong>.<\/p>\n<p>The company has <strong>signed multi-year deals with AI startups Anthropic and \u200bOpenAI to integrate their AI models into its software <\/strong>and add Intuit&#8217;s personalized tax, finance, \u200caccounting and \u2060marketing capabilities into Claude and ChatGPT.<\/p>\n<p><a data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2026-05-20_09-12-28.png?itok=eB83vxzh\" data-link-option=\"0\" href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/2026-05-20_09-12-28.png?itok=eB83vxzh\"><img fetchpriority=\"high\" decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"c61ac0ca-3b77-477d-8961-5e0c8d0aa46d\" data-responsive-image-style=\"inline_images\" height=\"293\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2026-05-20_09-12-28.png?itok=eB83vxzh\" alt=\"\" \/><\/a><\/p>\n<p>Bloomberg data shows Intuit&#8217;s total workforce was around 18,200 in mid-2025. If those figures are still accurate, the layoffs could affect upwards of 3,000 employees.<\/p>\n<p><a data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/Snag_91d6eb80.png?itok=WpD9vghL\" data-link-option=\"0\" href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/Snag_91d6eb80.png?itok=WpD9vghL\"><img decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"6f580631-86a7-4ed3-8e6d-272178b982c3\" data-responsive-image-style=\"inline_images\" height=\"281\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/Snag_91d6eb80.png?itok=WpD9vghL\" alt=\"\" \/><\/a><\/p>\n<p>As of Tuesday&#8217;s close, Intuit shares were down nearly 40% on the year amid AI fears disrupting the software stocks.<\/p>\n<p>Shares are down 2% in premarket trading.<\/p>\n<p><a data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/Snag_91d942be.png?itok=4EWuVBlB\" data-link-option=\"0\" href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/Snag_91d942be.png?itok=4EWuVBlB\"><img decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"035232fd-322b-40b9-811b-8a1f80d0df82\" data-responsive-image-style=\"inline_images\" height=\"281\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/Snag_91d942be.png?itok=4EWuVBlB\" alt=\"\" \/><\/a><\/p>\n<p>Analysts are mostly bullish\u2026<\/p>\n<p><a data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/Snag_91d98d64.png?itok=WrTi_XWY\" data-link-option=\"0\" href=\"https:\/\/www.zerohedge.com\/s3\/files\/inline-images\/Snag_91d98d64.png?itok=WrTi_XWY\"><img loading=\"lazy\" decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"a094d081-4d86-46a5-8d8a-3ac775c8e4a7\" data-responsive-image-style=\"inline_images\" height=\"380\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/Snag_91d98d64.png?itok=WrTi_XWY\" alt=\"\" \/><\/a><\/p>\n<p>Related:<\/p>\n<ul>\n<li><a href=\"https:\/\/www.zerohedge.com\/technology\/meta-axes-8000-workers-zuckerberg-admits-ai-watching-replacing-labor\"><em>Meta Axes 8,000 Workers As Zuckerberg Admits AI Is Watching, Replacing Labor<\/em><\/a><\/li>\n<\/ul>\n<p>The last day for impacted staff at Intuit in the United States will be July 31 and they will <strong>receive 16 weeks of base pay and two extra weeks for every year at Intuit as part of \u200bthe severance package,<\/strong> the \u200bmemo on Wednesday \u2060showed.<\/p>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a title=\"View user profile.\" href=\"https:\/\/www.zerohedge.com\/users\/tyler-durden\" lang=\"\" class=\"username\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Wed, 05\/20\/2026 &#8211; 09:35<\/span><img decoding=\"async\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2026-05-20_09-12-28.png?itok=eB83vxzh\" title=\"AI Purge Accelerates: Intuit Reportedly Slashing 17% Of Workforce\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p>AI Purge Accelerates: Intuit Reportedly Slashing 17% Of Workforce Intuit, the company that owns TurboTax, QuickBooks, Credit Karma, and Mailchimp, is reportedly preparing to lay off a staggering 17% of its workforce according to Reuters, which cites an internal memo. INTUIT TO LAY OFF 17% OF WORKFORCE: MEMO Initial claims about to print new record&hellip; <a class=\"more-link\" href=\"https:\/\/buglecall.org\/?p=604773\">Continue reading <span class=\"screen-reader-text\">AI Purge Accelerates: Intuit Reportedly Slashing 17% Of Workforce<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":604768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[18,19,10,21,12,11,9],"tags":[],"class_list":["post-604773","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cancel-culture","category-censorship","category-civil-liberties","category-election-integrity","category-equal-justice","category-free-speech","category-religious-freedom","entry"],"_links":{"self":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts\/604773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=604773"}],"version-history":[{"count":0,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts\/604773\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/media\/604768"}],"wp:attachment":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=604773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=604773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=604773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}