{"id":542757,"date":"2026-06-19T02:53:17","date_gmt":"2026-06-19T02:53:17","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/542757\/"},"modified":"2026-06-19T02:53:17","modified_gmt":"2026-06-19T02:53:17","slug":"intuit-intu-cuts-17-of-jobs-as-it-pushes-harder-into-ai","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/542757\/","title":{"rendered":"Intuit (INTU) Cuts 17% Of Jobs As It Pushes Harder Into AI"},"content":{"rendered":"\n<p class=\"yf-1fy9kyt\"><a href=\"https:\/\/simplywall.st\/features\/stock-screener?utm_medium=finance_user&amp;utm_campaign=screener_head_cta&amp;utm_source=yahoo&amp;blueprint=4629698\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Find your next quality investment;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Find your next quality investment&quot;}\" class=\"link \">Find your next quality investment<\/a> with Simply Wall St&#8217;s easy and powerful screener, trusted by over 7 million individual investors worldwide.<\/p>\n<ul class=\"yf-1p2hw41\">\n<li class=\"yf-1p2hw41\">\n<p class=\"yf-1fy9kyt\">Intuit announced a major restructuring that will reduce its full-time workforce by 17% as it reshapes its operations.<\/p>\n<\/li>\n<li class=\"yf-1p2hw41\">\n<p class=\"yf-1fy9kyt\">The company is sharpening its focus on AI driven products, supported by new partnerships aimed at bringing more automation into tax, accounting, and marketing tools.<\/p>\n<\/li>\n<li class=\"yf-1p2hw41\">\n<p class=\"yf-1fy9kyt\">This shift comes as Intuit faces rising competitive pressure from emerging AI powered platforms in its core markets.<\/p>\n<\/li>\n<\/ul>\n<p class=\"yf-1fy9kyt\">For investors tracking NasdaqGS:INTU, the restructuring comes after a challenging period for the stock. Intuit shares last closed at $269.08, with the stock down 33.3% over the past 30 days and 57.3% year to date. Over the past year, the share price declined 64.1%, and over 5 years it is down 41.9%, highlighting how sentiment around the company has weakened.<\/p>\n<p class=\"yf-1fy9kyt\">The move to cut headcount and push harder into AI products signals that Intuit is trying to reframe its business around areas where it sees the greatest competitive pressure and opportunity. For you as an investor, the key questions now center on how effectively Intuit can execute this transition and whether its AI partnerships translate into products that keep customers engaged across tax preparation and marketing services.<\/p>\n<p class=\"yf-1fy9kyt\">Stay updated on the most important news stories for <a href=\"https:\/\/www.simplywall.st\/\/company\/id\/db7cd8b1-ef26-49d7-8088-87592f8bceb3\/valuation?utm_medium=finance_user&amp;utm_campaign=news_stay_updated_cta&amp;utm_source=yahoo\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Intuit;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Intuit&quot;}\" class=\"link \">Intuit<\/a> by adding it to your <a href=\"https:\/\/simplywall.st\/features\/stock-watchlist?utm_medium=finance_user&amp;utm_campaign=news_stay_updated_cta&amp;utm_source=yahoo&amp;blueprint=4629698\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:watchlist;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;watchlist&quot;}\" class=\"link \">watchlist<\/a> or <a href=\"https:\/\/simplywall.st\/features\/portfolio?utm_medium=finance_user&amp;utm_campaign=news_stay_updated_cta&amp;utm_source=yahoo&amp;blueprint=4629698\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:portfolio;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;portfolio&quot;}\" class=\"link \">portfolio<\/a>. Alternatively, explore our <a href=\"https:\/\/simplywall.st\/stock\/NasdaqGS\/INTU?utm_medium=finance_user&amp;utm_campaign=news_stay_updated_cta&amp;utm_source=yahoo&amp;blueprint=4629698\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Community;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Community&quot;}\" class=\"link \">Community<\/a> to discover new perspectives on Intuit.<\/p>\n<p>    <a href=\"https:\/\/www.simplywall.st\/company\/id\/db7cd8b1-ef26-49d7-8088-87592f8bceb3?utm_medium=finance_user&amp;utm_campaign=infographic&amp;utm_source=yahoo\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2026\/06\/fe4361ec8327e20abdf4827a83e0493d.png\" alt=\"NasdaqGS:INTU Earnings &amp; Revenue Growth as at Jun 2026\" loading=\"eager\" height=\"613\" width=\"960\" class=\"yf-lglytj  loaded\"\/><\/a> NasdaqGS:INTU Earnings &amp; Revenue Growth as at Jun 2026      <\/p>\n<p class=\"yf-1fy9kyt\"><a href=\"https:\/\/www.simplywall.st\/company\/id\/db7cd8b1-ef26-49d7-8088-87592f8bceb3?utm_medium=finance_user&amp;utm_campaign=cta_news_hidden_strengths&amp;utm_source=yahoo\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:5 things going right for Intuit that this headline doesn&#039;t cover.;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;5 things going right for Intuit that this headline doesn&#039;&quot;}\" class=\"link \">5 things going right for Intuit that this headline doesn&#8217;t cover.<\/a><\/p>\n<p>      Quick Assessment    <\/p>\n<ul class=\"yf-1p2hw41\">\n<li class=\"yf-1p2hw41\">\n<p class=\"yf-1fy9kyt\"><strong>\u2705 Price vs Analyst Target<\/strong>: Intuit trades at US$269.08 versus an average analyst target of about US$491, roughly 45% below consensus.<\/p>\n<\/li>\n<li class=\"yf-1p2hw41\">\n<p class=\"yf-1fy9kyt\"><strong>\u2705 Simply Wall St Valuation<\/strong>: The stock is described as trading 59.5% below an estimated fair value, flagged as undervalued.<\/p>\n<\/li>\n<li class=\"yf-1p2hw41\">\n<p class=\"yf-1fy9kyt\"><strong>\u274c Recent Momentum<\/strong>: The share price has declined 33.3% over the past 30 days, showing clear negative momentum.<\/p>\n<\/li>\n<\/ul>\n<p class=\"yf-1fy9kyt\">There&#8217;s only one way to know the right time to buy, sell or hold Intuit. Head to Simply Wall St&#8217;s <a href=\"https:\/\/www.simplywall.st\/company\/id\/db7cd8b1-ef26-49d7-8088-87592f8bceb3\/valuation?utm_medium=finance_user&amp;utm_campaign=cta_news_fair_value&amp;utm_source=yahoo\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:company report for the latest analysis of Intuit&#039;s Fair Value;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;company report for the latest analysis of Intuit&#039;&quot;}\" class=\"link \">company report for the latest analysis of Intuit&#8217;s Fair Value<\/a>.<\/p>\n<p>      Key Considerations     <\/p>\n<ul class=\"yf-1p2hw41\">\n<li class=\"yf-1p2hw41\">\n<p class=\"yf-1fy9kyt\">\ud83d\udcca The workforce reduction and AI pivot reshape the Intuit investment case around execution on automation across tax, accounting, and marketing products.<\/p>\n<\/li>\n<li class=\"yf-1p2hw41\">\n<p class=\"yf-1fy9kyt\">\ud83d\udcca Watch how revenue, margins, and customer retention respond to cost cuts and new AI driven offerings, as well as how the current P\/E of 16.1 compares with the software industry average of 25.4.<\/p>\n<\/li>\n<li class=\"yf-1p2hw41\">\n<p class=\"yf-1fy9kyt\">\u26a0\ufe0f The main risk is that restructuring disruption or stronger AI competitors limits Intuit&#8217;s ability to convert its product shift into sustained adoption.<\/p>\n<\/li>\n<\/ul>\n<p>       Dig Deeper   <\/p>\n<p class=\"yf-1fy9kyt\">For the full picture including more risks and rewards, check out the <a href=\"https:\/\/www.simplywall.st\/company\/id\/db7cd8b1-ef26-49d7-8088-87592f8bceb3?utm_medium=finance_user&amp;utm_campaign=cta_news_deeper_analysis&amp;utm_source=yahoo\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:complete Intuit analysis;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;complete Intuit analysis&quot;}\" class=\"link \">complete Intuit analysis<\/a>. Alternatively, you can check out the <a href=\"https:\/\/simplywall.st\/community\/narratives?utm_medium=finance_user&amp;utm_campaign=cta_news_deeper_analysis&amp;utm_source=yahoo&amp;blueprint=4629698\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:community page for Intuit;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;community page for Intuit&quot;}\" class=\"link \">community page for Intuit<\/a> to see how other investors believe this latest news will impact the company&#8217;s narrative.<\/p>\n<p class=\"yf-1fy9kyt\"> This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.<\/strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.<\/p>\n<p class=\"yf-1fy9kyt\">Companies discussed in this article include <a href=\"https:\/\/finance.yahoo.com\/quote\/INTU\" data-ylk=\"slk:INTU;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;INTU&quot;}\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">INTU<\/a>.<\/p>\n<p class=\"yf-1fy9kyt\"><strong>Have feedback on this article? Concerned about the content? <a href=\"https:\/\/investor-research.typeform.com\/to\/wvg6MFri#feedback_token=NDYyOTY5ODplY2M5NDMyNDFhNzFiMGQx&amp;company=NasdaqGS:INTU&amp;blueprintid=4629698\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Get in touch;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Get in touch&quot;}\" class=\"link \">Get in touch<\/a> with us directly.<\/strong> Alternatively, email <a href=\"https:\/\/finance.yahoo.com\/technology\/ai\/articles\/mailto:editorial-team@simplywallst.com?subject=Re%3A%20Your%20article%20on%20NasdaqGS%3AINTU%20(yahoo)%20from%2018th%20June%202026\" data-ylk=\"slk:editorial-team@simplywallst.com;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;editorial-team@simplywallst.com&quot;}\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">editorial-team@simplywallst.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Find your next quality investment with Simply Wall St&#8217;s easy and powerful screener, trusted by over 7 million&hellip;\n","protected":false},"author":2,"featured_media":542758,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[261],"tags":[291,289,290,232828,18,19,24286,17,154581,71039,82],"class_list":["post-542757","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-competitive-pressure","tag-eire","tag-ie","tag-intuit","tag-ireland","tag-simply-wall-st","tag-tax-preparation","tag-technology"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/116774516890149549","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/542757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=542757"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/542757\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/542758"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=542757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=542757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=542757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}