Intuit cutting 17% of its workforce, or about 3,000 employees

•   Intuit's products include TurboTax, QuickBooks, Credit Karma, Mailchimp and Intuit Enterprise Suite.

On May 21, 2026, Intuit announced that it is cutting 17% of its workforce, or about 3,000 employees. In a news release, the company said it wants to "simplify its organizational structure and become a faster, leaner, more focused company."

 

 

The company estimates that it will incur approximately $300 million to $340 million in restructuring charges, largely recognized in its fourth fiscal quarter ending July 31, 2026.

"We are further scaling our growth engines and architecting an organization that operates with greater velocity to deliver durable long-term growth," Chief Executive Sasan Goodarzi said in a statement.