Intuit is eliminating over 3,000 positions, or 17% of its global workforce, to simplify its corporate structure and redirect resources toward AI product development, according to an internal memo from CEO Sasan Goodarzi cited by Reuters. The company reported 18,200 employees as of July 2025 in its annual filing. Goodarzi received $36.8 million in total compensation for fiscal 2025. Intuit posted $4.65 billion in revenue for its fiscal second quarter ended January, a 17% increase, with net profit rising 48% to $693 million. It forecasts 10% revenue growth for the third quarter. This action parallels workforce reductions at Amazon, Meta, Microsoft, and Oracle, each tied to AI reallocation in their earnings disclosures, amid Statista-tracked tech sector cuts exceeding 100,000 positions year-to-date. Intuit shares have trailed the S&P 500 over the trailing twelve months despite the financial results.