Intuit reducing workforce by about 17%; Reno location to close

Intuit software is reducing its full-time workforce by about 17% to simplify its 'organizational structure', including closing the Reno office.

The reduction was mentioned during its quarterly revenue call earlier this week.

"These are valued colleagues and friends who have been vital to shaping the company we are today. Saying goodbye is never easy, and I want to acknowledge the weight this news carries for all of us," says Intuit Chairman and CEO Sasan Goodarzi in a letter to employees.

Intuit makes software for TurboTax, Credit Karma, QuickBooks, Mailchimp, and Intuit Enterprise Suite.

Intuit estimates that it will incur approximately $300 million to $340 million in restructuring charges, largely recognized in its fourth fiscal quarter ending July 31, 2026.

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