However, Intuit expects with new investment it will grow head count in fiscal 2025, which begins on August 1. Intuit CEO Sasan Goodarzi says the company is reallocating resources to ramp up for the need to invest in AI. “We do not do layoffs to cut costs, and that remains true in this case,” he wrote to all employees on July 10. The communication was filed with the SEC. Besides laying off staff, Intuit is also eliminating 300 roles. Intuit is also consolidating 80 technology roles to that’s that are being grown including Atlanta, Bangalore, New York, Tel Aviv, and Toronto. Concurrently, sites in Edmonton, Alb, and Boise, Idaho, where more than 250 employees work, are being closed. Some employees will be relocated.