Intuit to lay off over 3,000 employees to refocus on AI

Nairavoice | May 20, 2026 315 0 1 min read
Intuit to lay off over 3,000 employees to refocus on AI

In its fiscal second quarter ended January, Intuit reported revenue of $4.65 billion, a 17% increase, and net profit of $693 million, a 48% improvement compared to a year earlier.

The company expects revenue to increase by about 10% in the third quarter, for which it will report results later today.

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