Intuit Announces Job Cuts and Slower TurboTax Sales, Leading to Significant Stock Drop

Intuit Inc. reported a significant stock decline after announcing plans to cut approximately 17% of its workforce (around 3,000 jobs) and slower-than-expected sales for TurboTax. The company also expects restructuring charges totaling $320 million.

By Brody Ford and Dana Wollman Thu, May 21, 2026 at 11:29 PM GMT+3 2 min read · Yahoo Finance · May 21, 2026, 20:29 UTC

Tickers: $INTU $META

Topics: AI Investment Job Cuts Restructuring Charges Stock Decline

Read the full article at Yahoo Finance

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