Intuit, known for its financial software, will lay off 1,800 employees, about 10% of its workforce, as it shifts its focus towards artificial intelligence (AI).
The company wants to use the money saved to invest heavily in new AI-based products and services, aiming to improve customer experiences.
While laying off some employees, Intuit plans to hire 1,800 new people in areas like engineering, product development, and customer service.
This suggests that Intuit sees AI as a key part of its future and expects to grow its overall staff size in the coming years.
