Off white Intuit building with gate around it
Intuit's CEO Sasan Goodarzi wrote in a letter to employees that 1,050 of the 1,800 staff cuts were due to employees not meeting expectations, according to an SEC filing published Wednesday.
  • Intuit's CEO wrote in an email to staff that 1,050 of 1,800 cut employees didn't meet expectations.
  • The company plans to hire a roughly equal number of workers in roles in engineering and prudcut.
  • The company is moving forward with a reorganization plan to focus on "key growth areas" like AI.

Intuit announced Wednesday that it's cutting 1,800 employees, 1,050 of whom weren't meeting expectations, according to an email from the CEO.