10% of employees worldwide. The company is closing two sites in Edmonton and Boise that have over 250 employees, with a certain number of employees relocating to other sites within Intuit or leaving the company. https://fortune.com/2024/07/10/intuit-layoffs-email-hiring-ai-transformation/
Brutal
They are also hiring the same number but probably at overall lower cost in India and Israel
Isn't Israel higher cost that Europe?
Still less than USA I’m sure
No they are focusing on their AI department
thats bs for the markets. hope these clowns get held accountable for ai bs grift that they a commiting in open
AI is a curse for Cisco and many companies. You do it there is no competitive advantage and revenue jump because almost all our competitors doing it. Not doing it you will have competitive disadvantage and lose revenue. Doing AI may increase the cost
Severance package is pretty nice. 16 weeks pay + 2 extra weeks per year of employment
Here we go again
Layoffs never ended in the first place
What total garbage. Perhaps customers should boycott their products. Do customers want Intuit AI doing their taxes and bookkeeping?
What options do customers have for low cost tax filing? Intuit has a stranglehold on tax filing policy
Intuit also has a did not meet expectations quota of roughly 10 percent
1000 in the low perf bucket and the other site closing etc
terrible recruitment team
Non-paywall link: https://archive.ph/FhP4f Sorry to everyone affected. The market is rough right now, but I hope everyone recovers.
Thanks for the link. How were you able to generate it?
You take a link from wsj/NYT and you can paste it in to generate if it doesn’t exist. If it does, it’ll show you the link. If not, it’ll grab all the contents and archive it in a new link. Sounds like a leetcode problem lmao