# Intuit Cuts 1,800 Jobs to Boost AI Investments

**URL:** <https://onehack.st/t/intuit-cuts-1-800-jobs-to-boost-ai-investments/286537>\
**Category:** News & Articles\
**Tags:** business\
**Created:** [July 10, 2024, 5:25pm UTC](https://onehack.st/t/intuit-cuts-1-800-jobs-to-boost-ai-investments/286537 "2024-07-10T17:25:33Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![Nina](https://onehack.st/user_avatar/onehack.st/nina/32/86958_2.png) [@Nina](https://onehack.st/u/Nina)\
**Post date:** [July 10, 2024, 5:25pm UTC](https://onehack.st/t/intuit-cuts-1-800-jobs-to-boost-ai-investments/286537/1 "2024-07-10T17:25:33Z")

</div>

**Summary:**

1. Intuit is laying off about 1,800 employees, or 10% of its workforce, to focus on AI-powered tax preparation and financial products.
2. The company will close sites in Edmonton, Canada, and Boise, Idaho, while rehiring 1,800 new employees in engineering, product, and customer-facing roles.
3. Intuit has heavily invested in generative AI tools for accounting and tax preparation for small and medium businesses.

[Read more on Reuters](https://reuters.com)