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Intuit Plans to Cut 17% of Workforce, But Isn’t Blaming AI
Barrons.com76d agobearish
Intuit Plans to Cut 17% of Workforce, But Isn’t Blaming AI

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.

Investing.com90d agobearish
Snap falls 3% on in-line second quarter guidance

Investing.com - Snap Inc. (NYSE:SNAP) reported first quarter results that exceeded analyst expectations, but shares fell 3% as the company’s second quarter revenue guidance came in roughly in line with Wall Street estimates.