Intuit CEO says company’s 17% workforce cut had ‘nothing to do with AI’

Intuit — the parent company of TurboTax, Credit Karma and QuickBooks — cut roughly 17% of its workforce on Wednesday, but CEO Sasan Goodarzi said the layoffs were designed to streamline operations and improve execution rather than replace workers with artificial intelligence.

Intuit CEO says company’s 17% workforce cut had ‘nothing to do with AI’. Intuit — the parent company of TurboTax, Credit Karma and QuickBooks — cut roughly 17% of its workforce on Wednesday, but CEO Sasan Goodarzi said the layoffs were designed to streamline operations and improve execution rather than replace workers with artificial intelligence. "None of it had to do with AI," Goodarzi told CNBC's Jim Cramer on "Mad Money." "Everything was about how do we become more effective." Intuit's job cuts come amid concerns that advances in generative AI could lead to major spikes in unemployment, particularly in the tech industry. As of this week, 114,173 tech workers have been laid off so far in 2026, according to Layoffs.fyi. Companies including Microsoft, Meta and Amazon have all announced thousands of layoffs this year while simultaneously...