Intuit Cuts 1,800 Jobs, Then Rehires 1,800 for New Roles

Intuit laid off 10% of its workforce—1,800 employees—while immediately hiring 1,800 new workers in engineering and customer support. The CEO said this isn't about saving money, but about shifting focus to artificial intelligence and modernizing products. Severance includes at least 16 weeks' pay plus healthcare. This mirrors how software companies have reorganized before when adapting to major technology shifts.