Intuit plans to cut workforce by about 17% as tax software maker reckons with slowing growth

Intuit's stock has been hammered this year as investors worry that generative artificial intelligence models could threaten software companies.

# Intuit plans to cut workforce by about 17% as tax software maker reckons with slowing growth Intuit's stock has been hammered this year as investors worry that generative artificial intelligence models could threaten software companies. **Read the full article:** [CNBC](https://www.cnbc.com/2026/05/20/intuit-intu-q3-earnings-report-2026-company-cutting-17percent-of-staff.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*