Comment on Intuit’s AI gamble: Mass layoff of 1,800 paired with hiring spree

Intuit’s AI gamble: Mass layoff of 1,800 paired with hiring spree

Enlarge (credit: Getty Images) On Wednesday, Intuit CEO Sasan Goodarzi announced in a letter to the company that it would be laying off 1,800 employees—about 10 percent of its workforce of around 18,000—while simultaneously planning to hire the same number of new workers as part of a major restructuring effort purportedly focused on AI. "As I’ve shared many times, the era of AI is one of the most significant technology shifts of our lifetime," wrote Goodarzi in a blog post on Intuit's website.

 

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