Intuit Announces Major Layoffs Ahead of Earnings Report

Intuit, parent company of TurboTax, is laying off approximately 3,000 employees globally as part of a restructuring effort to focus on AI and streamline operations. The move comes amid broader tech industry layoffs and ahead of the company's upcoming earnings report.

By Aparajita Chatterjee Thu, May 21, 2026 at 2:10 AM GMT+3 5 min read · Yahoo Finance · May 20, 2026, 23:10 UTC

Intuit Announces Major Layoffs Ahead of Earnings Report

Tickers: $INTU

Topics: AI transformation Intuit layoffs tech industry

Read the full article at Yahoo Finance

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