Maker of TurboTax Fires 1,800 Workers, Says It’s Pivoting to AI

Quick Summary:

Lay Off Season Intuit, which makes tax prep software TurboTax, is laying off 1,800 workers or about 10 percent of its global staff in an ostensible effort to catch the AI wave.

Intuit isn't the only one pushing people into the unemployment line.

Maybe these layoffs at Intuit are really due to AI restructuring and trimming underperforming staff.

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Article Details

Author / Journalist: Sharon Adarlo

Category: Technology

Markets: United States

Topics: Artificial Intelligence The digest Turbotax Ai Intuit

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-12 @ 12:54:10 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: futurism.com

Language: English

Article Length: 359 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 28 words per sentence (average)

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

Copyright Owner: © Futurism

News ID: 21585120

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About Futurism

Main Topics: Technology

Official Website: futurism.com

Update Frequency: 14 posts per day

Year Established: 1997

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #68

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