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Intuit (INTU) reported fiscal Q3 adjusted earnings late Wednesday of $12.80 per diluted share, up fr

TurboTax parent Intuit raised its annual revenue and profit forecasts on Wednesday and announced it would trim ‌17% of its workforce, sharpening its focus on artificial intelligence-powered ‌financial software amid robust demand. The reduction of nearly 3,000 roles globally, reported exclusively by ​Reuters earlier in the day, is expected to help simplify organizational structure and streamline key areas, including AI efforts, according to a staff memo sent by CEO Sasan Goodarzi. It had about ⁠18,200 employees across seven countries as of July 31, 2025, according to its annual report.

Intuit reported better-than-expected financial results for its crucial tax season Wednesday, while also announcing a round of layoffs. Intuit said it’s reducing its full-time workforce by 17%. According to Layoffs.fyi, a website that tracks tech layoffs, 111,173 tech employees have lost their jobs in 2026.

Glassdoor Senior Economist Daniel Zhao joins Brooke DiPalma on Market Domination to discuss employee confidence as companies continue trimming headcount and accelerating AI-driven workplace changes. Zhao explains why workers who embrace AI tools and adapt their skill sets may be better positioned for long-term job security.

Tech stocks were higher late Wednesday afternoon, with the State Street Technology Select Sector SPD

Tech stocks were higher Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF

All three major US stock indexes were up in late-morning trading Wednesday, a day after a jump in lo

In a memo to employees, CEO Sasan Goodarzi said the layoffs are meant to reduce complexity, simplify the company's corporate structure, and deliver better AI products.

The TurboTax and QuickBooks maker is eliminating about 3,000 positions and closing 2 offices as it consolidates around AI

Investing.com -- Intuit (NASDAQ:INTU) shares fell 3.9% Wednesday after Reuters reported the company plans to lay off approximately 17% of its global workforce.

Intuit is laying off about 17% of its workforce, or about 3,000 employees worldwide, to streamline ‌operations and sharpen focus on its key bets including its AI efforts, according ‌to an internal memo seen by Reuters on Wednesday. CEO Sasan Goodarzi sent an email to staff earlier ​in the day, saying that reducing complexity and simplifying the structure would help it deliver better products, according to the memo and a source familiar with the matter. Intuit, which is scheduled to report third-quarter results later on Wednesday, did not immediately return a request ‌for comment.

With a 5-year average revenue growth rate of 20.9%, Intuit Inc. (NASDAQ:INTU) is included among the 11 Best Long Term US Stocks to Buy Right Now. On May 11, TD Cowen lowered its price recommendation on Intuit Inc. (NASDAQ:INTU) to $576 from $633. It reiterated a Buy rating on the stock. The firm said it still sees […]

The main US stock measures were pointing higher in Wednesday's premarket activity as traders await t

June Nasdaq 100 E-Mini futures (NQM26) are trending up +0.69% this morning as sentiment improved after Treasury yields retreated from multiyear highs, with attention now turning to an earnings report from chip giant Nvidia.

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Nvidia, the most valuable public company by market capitalization, will report earnings Wednesday, the last of the Magnificent Seven tech companies to do so. Big retailers including Walmart and Target will also report this week.

Investors may be wondering whether Intuit at around US$399.71 still stacks up as good value, or if the stock now carries more risk than reward. After a tough run this year, with the share price down 36.5% year to date and 40.0% over the past 12 months, the recent moves of 3.1% over the last week and 1.6% over the past month provide fresh context for anyone reassessing the stock. Recent headlines have focused on Intuit's position in core products like TurboTax and QuickBooks, along with...

A number of stocks jumped in the afternoon session after President Trump's state visit to Beijing lifted market sentiment across tech, with the S&P hitting a record high above 7,500.

Investors are closely eyeing the stock which has fallen roughly 40% from its yearly high amid concerns over growth and valuation.

The S&P 500 Index ($SPX ) (SPY ) today is down -0.68%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.95%. June E-mini S&P futures (ESM26 ) are down -0.75%, and June E-mini Nasdaq futures...

The S&P 500 Index ($SPX ) (SPY ) today is down -0.35%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.45%. June E-mini S&P futures (ESM26 ) are down -0.40%, and June E-mini Nasdaq futures...

INTU's QuickBooks adds AI-powered Workforce tools, expanding from accounting into payroll, hiring and HR management.

Investors return to software sector after prolonged weaknessU. S.

Nvidia, the most valuable public company by market capitalization, will report earnings this week, the last of the Magnificent Seven tech companies to do so. Big retailers including Walmart and Home Depot will also report.

A number of stocks jumped in the afternoon session after a robust earnings report and upgraded annual revenue forecast from networking giant Cisco Systems, fueled optimism in the software sector.

INTU gears up for fiscal Q3 results with double-digit revenue growth forecast and strong momentum across QuickBooks, TurboTax and Credit Karma.

Intuit (INTU) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).