US financial software company Intuit (maker of TurboTax, QuickBooks, and other widely used finance tools) is laying off approximately 3,000 employees — about 17% of its global workforce — in a restructuring aimed at simplifying operations and accelerating its investment in artificial intelligence. CEO Sasan Goodarzi told staff the cuts would help the company reduce complexity and sharpen focus on key priorities, including integrating AI across its products through existing multi-year deals with startups Anthropic and OpenAI. The announcement sent Intuit shares down nearly 5%, and comes amid a broader wave of tech-sector layoffs, with more than 111,000 positions cut across over 140 companies so far this year.