Business | Another California tech company lays off thousands, citing AI by Nilesh Christopher

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Intuit, the maker of TurboTax, announced it will lay off 17 % of its workforce—about 3,000 employees—as part of a restructuring aimed at cutting costs and accelerating its investment in artificial intelligence. The company said it had become bogged down by “too many organizational layers” and will close its Reno and Woodland Hills offices, incurring roughly $300‑$340 million in restructuring charges. Despite the cuts, Intuit reported a 10 % year‑over‑year revenue increase to $8.56 billion in its third‑quarter results. Executives emphasized that the layoffs are intended to create a “faster, leaner, more focused” organization rather than being directly driven by AI replacing workers, though AI will be integrated across its product suite—including TurboTax, QuickBooks, Credit Karma, and Mailchimp—to deliver value at scale. The move adds to more than 114,000 tech‑sector jobs cut this year as companies grapple with AI‑driven productivity gains and evolving market dynamics.

Read more: https://www.latimes.com/business/story/2026-05-22/another-california-tech-company-lays-off-thousands

#Intuit #SasanGoodarzi #SandeepAujla #TurboTax #CreditKarma

US Top News and Analysis | Intuit plans to cut workforce by about 17% as tax software maker reckons with slowing growth

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Intuit announced it will cut roughly 17 % of its full‑time workforce – about 3,000 jobs – as part of a restructuring aimed at “operating with greater velocity” and delivering longer‑term growth. The layoff, which will generate $300 million‑$340 million in charges largely in the current quarter, comes after the company reported fiscal‑third‑quarter earnings of $12.80 per share on $8.56 billion of revenue, just shy of analysts’ expectations, with revenue growth slowing to 10 % year‑over‑year. Despite a 9 % rise in net income to $3.06 billion, Intuit’s shares have fallen more than 40 % this year, reflecting investor concerns that artificial‑intelligence advances could erode demand for its tax and finance software. The company plans to consolidate teams, close offices in Reno and Woodland Hills, and streamline operations after integrating TurboTax, Credit Karma, and scaling back its Mailchimp activities.

Read more: https://www.cnbc.com/2026/05/20/intuit-intu-q3-earnings-report-2026-company-cutting-17percent-of-staff.html

#Intuit #SasanGoodarzi #TurboTax #CreditKarma #Mailchimp

Feed: All Latest | Limited Time: TurboTax Full Service Coupons This May by Molly Higgins

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Molly Higgins Gear’s May 3, 2026 article outlines the current TurboTax promotions and services for the 2026 tax season, emphasizing a limited‑time 10 % discount on federal Full‑Service filings (including W‑2 and 1040) and a 10 % discount on TurboTax Live Assisted plans that start at $36. It also details a referral program that gives new users 20 % off federal products and rewards referrers with up to $500 in e‑gift cards, a 20 % discount for small‑business owners on one personal federal return plus additional 10 % off Business Expert Full Service and Assist, and a free edition for roughly 37 % of taxpayers with simple 1040 returns. The piece highlights extra savings for military members, explains TurboTax’s “Maximum Refund Guarantee,” and points readers to complimentary tools such as a tax‑refund calculator, tax‑bracket calculator, and AI‑powered Intuit Assist, while noting that service codes can be used for special billing or technical issues.

Read more: https://www.wired.com/story/turbotax-coupon/

#TurboTax #Military #FullService #LiveAssisted #coupons

#IncomeTaxes

Just did a final check of my 1040/540 #TaxReturns & printed them out for final prep & mailing with the required checks via Priority Mail on Wed 04/15/2026.

The 1040 is 14 pages long & the 540 is 24 pages long; 38 pages long including the 1040 that has to be filed with it. 🤦‍♂️

I've been using #TurboTax to prep my returns since it 1st became available in the early 80's.

It would be a tiresome & frustrating task to fill out & print the returns w/o it &, while I dislike paying for it each year, it costs far less & takes far less time for me prep my returns using it, than if I hired an accountant to do it for me. 🤷‍♂️

After I retired last year, I joined a social‑support program. Once a week, I talk with a woman who works as a waitress in Appalachia. She told me she’s expecting a $300 tax refund — but she’s facing a problem.

She also worked as a driver for Grubhub and Uber, which means she has legitimate business expenses (gas, insurance, etc.). But when she tries to enter those expenses, TurboTax tells her she must upgrade for $150. That upgrade would wipe out half of her refund.

#Intuit #TurboTax #IncomeInequality

A USA income tax season reminder: #Intuit #TurboTax lobbied the government for years to block free public tax-filing.

#convictedFelon #sexOffender #DonaldTrump then terminated the free IRS Direct File program established under #Biden, only a year after the tax prep giant gave his inauguration fund $1M.

Do you see how this works?