Intuit Inc. INTU shares are trading lower Wednesday following reports that the company plans to reduce its workforce by approximately 17%, or about 3,000 employees worldwide, as part of a broader ...

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Intuit Inc INTU posted financial results for the third quarter of fiscal 2026 after the market close on Wednesday. Here’s a rundown of the report. Intuit stock is among today’s weakest performers. Why ...

Intuit's stock has been hammered this year as investors worry that generative artificial intelligence models could threaten ...

Intuit CEO Sasan Goodarzi said the company’s roughly 17% workforce reduction was aimed at simplifying operations and improving execution, not because of AI.

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In a memo to employees, CEO Sasan Goodarzi said the layoffs are meant to reduce complexity, simplify the company's corporate structure, and deliver better AI products.

The move will affect about 3,000 employees worldwide.