In a memo to employees, CEO Sasan Goodarzi said the layoffs are meant to reduce complexity, simplify the company's corporate structure, and deliver better AI products.
Financial software is the last place I want fuzzy AI math. That shit needs to be rock-solid. Not that I use Intuit stuff anyway (Free Tax USA is my go-to), but damn must that be a scary sentence for people who use Intuit products (QuickBooks, TurboTax, Credit Karma).
That said, I think they are doing it mostly as a way to spin layoffs as a good thing, not something driven by poor financials (which is more likely).
Financial software is the last place I want fuzzy AI math. That shit needs to be rock-solid. Not that I use Intuit stuff anyway (Free Tax USA is my go-to), but damn must that be a scary sentence for people who use Intuit products (QuickBooks, TurboTax, Credit Karma).
That said, I think they are doing it mostly as a way to spin layoffs as a good thing, not something driven by poor financials (which is more likely).