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Intuit joins tech layoff wave with 3,000 job cuts tied to AI strategy: Reuters

Intuit, the parent company of TurboTax and QuickBooks, plans to lay off more than 3,000 employees globally, or nearly 17% of its workforce, as part of a broader restructuring aimed at sharpening its focus on artificial intelligence, according to an exclusive Reuters report. The company informed employees through an internal memo that the cuts are … Read more

Meta CEO Mark Zuckerberg says AI spending driving layoffs, flags possible further cuts

Meta Chief Executive Mark Zuckerberg attributed the Facebook parent’s planned layoffs to increased capital spending for AI, and declined to rule out further job cuts, in comments to employees at a company town hall on Thursday. “We basically have two major cost centers in the company: compute infrastructure and people-oriented things,” Zuckerberg said in the … Read more

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