Intuit Layoffs [2024]

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Intuit announced the elimination of 1800 jobs today. Dan shares his insights from times that he was impacted on this excerpt from our Weekly Workshop

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This is a different type of layoff, Intuit's culture has changed. In fact, the people who have been let go have even been labelled 'underperformers' in public. This is all the new CEO's doing, serving the shareholder and stock price overlords

archieus
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Getting into A.I. is expensive so they had to trim the fat. As A.I. gets put in place and fine tuned, there will be many more layoff's as A.I. once in place is very fast and very good. Don't bet on any rehiring. There will probably be more layoff's and more money spent on A.I. Most techie's will be fighting for a job that pays much less.

rbfarrell
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I'll disagree with that I used to work private security for them at the mountain view campus and I Will say that they recently put all this money for naming rights for a new venue for the NBA LA clippers not to mention they spent about two for three years building a new state of the art building with a cafeteria and for the employees to use. I don't buy it that it's AI they should be better to provide jobs for employees than to just kick them to the curb just because they decided to change directions with technology such as AI.

lauro.silvestrejr