Intuit Targets Low Performers and Executives in 10% Jobs Cut
- Move affects 1,800 people; company will re-hire in other areas
- About 1,050 of the employees were dismissed due to performance
Intuit Inc. is cutting 1,800 employees, swapping out low performers and executives with fresh hires meant to sharpen the company’s focus on products that use artificial intelligence.
About 10% of the global workforce will be affected, Chief Executive Officer Sasan Goodarzi said in a letter to employees on Wednesday. He said the move is not meant to cut costs and that the company expects to re-hire the same number of employees, primarily in its engineering, product and sales divisions.