Intuit Inc (NASDAQ:INTU) posted financial results for the third quarter of fiscal 2026 after the market close on Wednesday. Here's a rundown of the report.
The maker of TurboTax and QuickBooks will lay off 17% of its workforce as it makes artificial intelligence a centerpiece of its business.
Financial software firm Intuit late Wednesday beat expectations for its fiscal third quarter and with its Q4 guidance.

Intuit to Cut 17% of Workforce in Shift Toward AI

04:16pm, Wednesday, 20'th May 2026
Intuit Inc. is reducing its global headcount by approximately 17% as it moves to streamline operations and accelerate its investment in artificial intelligence, according to an internal memo reviewed
Intuit wants to move "with greater velocity," CEO Sasan Goodarzi said as the finance software maker said it would cut 17% of its full-time workforce. The company's quarterly revenue came in just below
TurboTax parent Intuit raised its annual revenue and profit forecasts on Wednesday and announced it would trim 17% of ​its workforce, sharpening its focus on artificial intelligence-powered financia
Intuit said on Wednesday that it's reducing its full-time workforce by 17%.
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, Mailchimp, and Intuit Enterprise Suit
And the layoffs continue. Intuit plans to axe 17% of its workforce, about 3,000 of its approximately 18,200 global employees (as of July 31 according to its annual report), and focus on accelerating i
The company behind TurboTax, CreditKarma and QuickBooks is laying off about 17% of its global workforce.
Enterprise software giant Intuit is letting go 17% of its staff, or about 3,000 people, as it seeks to divert resources towards baking in AI into its products, Reuters reported, citing an internal mem
Intuit is laying off around 3,000 employees globally, or roughly 17% of its workforce, as the software company restructures operations and intensifies its focus on artificial intelligence initiatives.
Intuit Inc. (NASDAQ: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 bro
Intuit is laying off about 17% of its workforce, or about 3,000 employees worldwide, to streamline operations and sharpen focus ​on its key bets including its AI efforts, according to an ‌internal
Intuit Inc. (NASDAQ:INTU) will release earnings for its third quarter after the closing bell on Wednesday, May 20.
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