Intuit, the financial and fintech firm, recently announced a restructuring that includes laying off approximately 10% of its workforce, amounting to about 1,800 employees. CEO Sasan Goodarzi emphasised that these layoffs are not cost-cutting measures but part of a strategic pivot towards advancing the company's artificial intelligence initiatives. The affected employees were notified based on performance evaluations, with some roles being eliminated altogether. Intuit plans to hire around 1,800 new employees, primarily in engineering, product development, and customer-facing positions such as sales and marketing, to bolster its AI-focused efforts.