Intuit Trims Consumer Group Workforce

Intuit has laid off 226 employees from its Consumer Group, which includes TurboTax, many of them in the San Diego area.

Processing Content

The company gave workers two months’ notice on Monday, so their jobs don’t officially end until September.

“The reductions in workforce reflect necessary steps in those strategic areas in an effort to provide growth opportunities and build a stronger foundation for the future of Intuit,” according to an Intuit spokesperson who declined to give further details. 

Intuit currently employs fewer than 1,000 workers at its San Diego campus, but typically hires more workers during tax season.


For reprint and licensing requests for this article, click here.
Technology
MORE FROM ACCOUNTING TODAY

Despite high confidence from leaders in AI outputs, more than a quarter of executives said internal audits have detected AI errors that reached external audiences or the board.

August 11
4 Min Read

The Treasury Department's Financial Crimes Enforcement Network issued a final rule permanently removing the requirement for U.S. companies and people to report beneficial ownership information.

August 11
2 Min Read
FinCEN homepage screen

The American Institute of CPAs asked the Treasury and the IRS to revise three of their recent notices on the corporate alternative minimum tax.

August 11
5 Min Read
AICPA logo on curtain at AICPA conference

The proposed regulations clarify nondiscrimination requirements for employers offering Trump account contribution programs and dependent care assistance.

August 11
3 Min Read
trump-accounts-children.jpg

The International Financial Reporting Foundation named Steven Maijoor as the next chair of the IFRS Foundation Trustees, and Sam Woods as chair of the International Accounting Standards Board.

August 11
5 Min Read
ifrs-foundation-iasb-sign.jpg

UHY acquired Michigan CFO Associates in Clinton Township, Michigan, expanding the Top 50 Firm's advisory capabilities.

August 11
1 Min Read
McCarty-Steve-UHY