Intuit axes 3,000 – without blaming AI

Intuit is laying off approximately 3,000 employees, or about 10% of its workforce, as part of a restructuring plan aimed at "margin expansion" and creating a "faster, leaner" company. CEO Sasan Goodarzi cited the need to reallocate resources toward key growth areas like AI and data-driven platforms, but notably did not blame the cuts on artificial intelligence. The company expects to incur between $250 million and $300 million in charges related to the layoffs.

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