CNBC
US · 39 mins ago
✦ 75◉ Centre
Intuit plans to cut workforce by about 17% as tax software maker reckons with slowing growth
75Quality
0Ratings
0Comments
AI Analysis
Quality 75/100
Partisan intensity 35/100
ObjectivePartisan
◉ Centre ✓ Fair headline
Intuit is planning to cut approximately 17% of its workforce amid concerns about slowing business growth and competitive threats from artificial intelligence to its software offerings.
Intuit plans to cut workforce by about 17% as tax software maker reckons with slowing growth
Intuit's stock has been hammered this year as investors worry that generative artificial intelligence models could threaten software companies.
Discussion 0 comments
Sort:
?
No comments yet — be the first to start the discussion!