Hyderabad: US IT large Intuit has determined to put off 10 p.c of its workforce worldwide, i.e. about 1,800 workers. In keeping with Fortune’s report, Intuit CEO Sasan Goodarzi has mentioned in an e mail despatched to workers that the corporate management has taken a really tough choice. Goodarzi writes within the e mail that we by no means lay off workers to cut back prices and this time too the identical is true.

In keeping with the report, this transfer of economic software program maker Intuit is to not minimize prices however to shift the corporate’s technique in direction of AI and generative AI. The corporate, which makes fashionable merchandise like QuickBooks, Credit score Karma and TurboTax, plans to fill these 1,800 positions with new workers primarily in engineering, product, gross sales and advertising roles.

In keeping with the report, 1,050 of the staff who’re being fired are those that don’t meet the corporate’s formal efficiency standards. Intuit can also be decreasing the variety of government roles of administrators, SVPs and EVPs by about 10 p.c. In an interview just lately, Goodarji had mentioned that it has been a lot simpler for us to get that type of expertise within the final six or seven months, when knowledge and AI have been a significant a part of our technique.