Intuit plans to cut workforce by about 17% as tax software maker reckons with slowing growth
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Source: CNBC
Published: 2026-05-21 06:00 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Technology & AI, Financial Markets, Tax & Budget, Business & Economy, Technology
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Snippet:
Tax and finance software maker Intuit said Wednesday that it's cutting 17% of its full-time workforce, the latest tech company to announce a mass downsizing during the artificial intelligence boom. Shares tumbled 11% in extended trading.
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