California-based financial software provider Intuit has announced plans to fire 1,800 employees, or roughly 10 percent of its workforce, and bring in new recruits beginning next financial year, in a shakeup designed to further its AI-focused reorganization plan.
The move is part of the tech giant’s push to “reallocate resources to key growth areas,” specifically incorporating artificial intelligence (AI) into its products and services, according to a July 10 regulatory filing by the multinational company, which offers software products including QuickBooks, ProConnect, TurboTax, and more.
