Mastodawn

It is quite distressing, actually, that a company as big as Intuit, which is a big targets for hackers because of its ties to people's finances, has not had the common sense to set up an enforcing DMARC policy on "intuit.co". (I'm giving them the benefit of the doubt and assuming they had the common sense to _buy_ intuit.co, though I can't confirm that since the whois information is useless.)
#Intuit #infosec #spam #phishing

The Bad Place Jun 2

US Top News and Analysis | Stocks making the biggest moves midday: Coherent, Victoria's Secret, Marvell, HPE, Generac, Intuit & more

AI generated summary, Read the full article for complete information.

Midday trading saw several notable moves: Generac rose nearly 6 % after announcing it will supply backup power to a major hyperscale data‑center operator, while USA Rare Earth gained about 5 % following a $1.2 billion investment in a magnet‑manufacturing and refined‑metals facility in South Carolina. Intuit fell almost 9 % after a Goldman Sachs downgrade citing rising tax‑software competition, and Shake Shack dropped 10 % after cutting its full‑year earnings and Q2 revenue outlook amid macro‑economic uncertainty. AI‑related photonics stocks rallied, with Coherent up 16 %, Lumentum 13 % and Corning 13 % after Hewlett‑Packard Enterprise reported stronger AI‑driven server demand; Marvell surged roughly 30 % after Nvidia CEO Jensen Huang praised it as a potential trillion‑dollar company. HPE jumped 16 % on an earnings beat and raised full‑year guidance, and Victoria’s Secret rallied about 44 % after boosting its full‑year sales forecast to $7.03‑$7.13 billion. Credo Technology slipped nearly 3 % despite beating Q4 expectations, Microchip rose 4 % on strong data‑center solutions revenue, Alphabet dipped 2 % as it plans to sell $80 billion of stock (including a $10 billion Berkshire Hathaway investment), and STMicroelectronics climbed around 15 % after lifting its 2026 data‑center revenue target to about $1 billion.

#VictoriasSecret #Generac #Intuit #HPE #Marvell #JensenHuang

Mark Levison May 29

#Intuit #QuickBooks continues to disappoint.
- I have a passkey and it still expects an additional code via SMS
- It insisted I create a new service for a one off invoice and then overwrote my existing entry

NERDS.xyz – Real Tech News for Real Nerds [Unofficial]May 28

Mailchimp wants AI to run your marketing campaigns for you

https://fed.brid.gy/r/https://nerds.xyz/2026/05/mailchimp-ai-marketing-campaigns/

The Bad Place May 22

Home - CBSNews.com | AI is driving more job cuts and weighing on hiring, economists say

AI generated summary, Read the full article for complete information.

AI‑related layoffs are climbing, with nearly 50,000 jobs cut this year—about 17 % of all announced cuts—after firms such as Intuit, Meta and Cisco trimmed staff to pivot toward AI. Experts, however, say the bigger story is not mass dismissals but a slowdown in hiring, especially for junior and entry‑level positions, which has already shaved roughly 16,000 jobs from monthly payroll growth and nudged the unemployment rate up. Analysts warn AI could eventually affect up to 15 % of U.S. jobs, yet most current cuts are framed as strategic moves to invest in technology rather than direct replacements of workers. Consequently, younger workers face heightened risk as their roles are easier to automate, while those who combine AI proficiency with adaptability and uniquely human skills are likely to be best positioned for the evolving labor market.

#Intuit #Meta #Cisco #Challenger #GoldmanSachs #DanielKeum #GregDaco

AI job cuts are rising, but experts say layoffs are only part of the story

Economists say AI is reshaping the U.S. labor market by suppressing hiring even as overall job losses remain limited.

The Bad Place May 22

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

AI generated summary, Read the full article for complete information.

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.

#Intuit #SasanGoodarzi #SandeepAujla #TurboTax #CreditKarma

Another California tech company lays off thousands

The layoffs bludgeoning the tech industry continued this week as artificial intelligence reshapes the industry.

Los Angeles Times

CBC Toronto May 21

Intuit lays off 17% of its global workforce
Intuit has laid off 17 per cent of its full-time workforce — or about 3,000 roles worldwide — as it plans to streamline the business and focus on key areas, including AI.
https://www.cbc.ca/news/business/intuit-layoffs-2026-9.7207948?cmp=rss

CBC Business May 21

CBC Top Stories May 21

Inferential May 21

Inviting the Agent In

Intuit told 3,000 employees on Wednesday that their jobs were gone — 17% of an 18,200-person global workforce — in an [internal memo](https://techcrunch.com/2026/05/20/intuit-to-lay-off-over-3000-emp

https://blog.codeland.org/posts/inviting-the-agent-in/

#AI #SaaS #Intuit #Anthropic #OpenAI #SeatCompression