US IT company Intuit to layoff 1,800: CEO writes open letter to employees

Intuit is laying off 1,800 underperforming employees to reinvest in AI services, expecting fiscal 2025 headcount growth. The $250-$260 million plan includes closing Edmonton, Boise sites and reallocating resources to Atlanta, Bengaluru, Tel Aviv. Workers receive severance, healthcare, career, mental health, and immigration support. Focus areas include growth with QuickBooks and Mailchimp.