July 10 (Reuters) - (This July 10 story has been corrected to clarify that the company did give a timeline for rehiring, in paragraph 4) TurboTax-parent Intuit (INTU.O), opens new tab said on ...
Intuit Inc. is cutting 1,800 employees, swapping out low performers and executives with fresh hires meant to sharpen the company’s focus on products that use artificial intelligence.
Intuit is laying off 1,800 underperforming employees to reinvest in AI services, expecting fiscal 2025 headcount growth. The $250-$260 million plan includes closing Edmonton, Boise sites and ...
A new study by Layoffs.fyi reports that layoffs in the tech industry exceed 100,000 so far this year. Big Tech blames AI.
(KRON) — Intuit Inc. is set to lay off hundreds of employees, with many of those impacted based in the Bay Area, according to state filings. The Mountain View-based financial tech company which ...
These layoffs may be necessary for organisational survival and strategic adjustments, but their effects on the employees ...
Tech sector worldwide, and in India, continued to be impacted by the wave of layoffs in July. Most companies have cited ...
A complete list of all the known layoffs in tech, from Big Tech to startups, broken down by month throughout 2024.
Despite a steady job market, there is increasing concern about job security over rising layoff announcements. U.S. companies cut almost 20 million jobs in 2023, according to the Bureau of Labor ...
Intuit's share price is trading at unsustainable levels after returning nearly 30% over the past year. Current multiples already price-in significant improvement in margins at a time when certain ...
The BBC has announced it is to cut 500 jobs as it attempts to save £200 million to drive the “transformation” of the corporation. Chief operating adviser Leigh Tavaziva said it is making the ...
Intuit to Cut About 1,800 Jobs as It Looks to Increase AI Investments (July 10) (This July 10 story has been corrected to clarify that the company did give a timeline for rehiring, in paragraph 4 ...