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

Quick Summary:

Intuit CEO: "Companies that aren’t prepared to take advantage of [AI] will fall behind".

With new hires, the company expects its overall headcount to grow in its 2025 fiscal year.

Companies that aren’t prepared to take advantage of this AI revolution will fall behind and, over time, will no longer exist".

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Article Details

Author / Journalist: Benj Edwards

Category: Technology

Markets: United StatesCanada

Topics: Sasan Goodarzi AI reorganization AI TurboTax AI layoffs Intuit Intuit Assist Machine learning Taxes

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 15:37:36 (2 weeks ago)

News Timezone: GMT -5:00

News Source URL: arstechnica.com

Language: English

Article Length: 187 words

Reading Time: 2 minutes read

Sentences: 25 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Ars Technica

News ID: 21576598

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About Ars Technica

Main Topics: Technology

Official Website: arstechnica.com

Year Established: 1998

Headquarters: United States

News Last Updated: 1 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #32

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