Intuit Lays Off 3,000 (17% of Workforce), Signs Multi-Year Deals with Both Anthropic and OpenAI

TechCrunch·high signal

Intuit cut 17% of its staff on May 20, taking $300-340M in restructuring charges despite posting $4.65B quarterly revenue (up 17%) and $693M net profit (up 48%). CEO Goodarzi told CNBC the cuts had 'nothing to do with AI' while simultaneously announcing multi-year partnerships with both Anthropic and OpenAI to embed their models into QuickBooks, TurboTax, and Mailchimp. The dual-vendor AI strategy signals that even profitable SaaS incumbents are outsourcing AI capabilities rather than building in-house.