Intuit plans to cut workforce by about 17% as tax software maker reckons with slowing growth

Gadget-uri

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. The decision will affect over 3,000 people, based on the company's last reported employee count of 18,200. The restructuring will trigger $300 million to $340 million in charges, mostly in the current quarter, Intuit said. "As we look ahead, we are further