Intuit layoffs, on the record
Every job cut, severance charge and restructuring Intuit reported in its annual reports, 2024 to 2026, quoted from the filings. Headcount went from approximately 18,800 to approximately 18,600.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | approximately 18,800 | As of July 31, 2024 |
| 10-K for 2025 | approximately 18,200 | July 31, 2025 |
| 10-K for 2026 | approximately 18,600 | July 31, 2026 |
Job cuts, severance and restructuring
Our summaryIntuit approved and initiated a reorganization plan focused on reallocating resources to key growth areas, including employee exits and closing real estate sites in certain markets.
Word for word“In July 2024, our management approved, committed to, and initiated a plan of reorganization (the Plan) focused on reallocating resources to our key growth areas.” 10-K for 2024
Our summaryThe Plan's actions were substantially completed, with charges primarily for severance and employee benefits recorded to restructuring.
Word for word“The actions associated with the Plan were substantially complete in the first quarter of fiscal 2025.” 10-K for 2025
Our summaryIntuit recorded a restructuring charge for its 2026 restructuring plan, mostly severance and employee benefits, with total costs estimated at about $315 million and the actions expected to be substantially complete by the first quarter of fiscal 2027.
Word for word“During the twelve months ended July 31, 2026, we recorded a $293 million charge in connection with the 2026 Plan.” 10-K for 2026
Our summaryIntuit announced a restructuring plan in May 2026 to simplify its organizational structure and become a faster, leaner, more focused company.
Word for word“See Note 15 to the consolidated financial statements in Item 8 of this Annual Report for more information about the restructuring plan announced in May 2026.” 10-K for 2026
Our summaryThe company estimated total costs for the 2026 restructuring plan and expects the actions to be substantially complete early in fiscal 2027.
Word for word“Total restructuring costs associated with the 2026 Plan are estimated to be approximately $315 million.” 10-K for 2026
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2022-07-31 | $0 | — |
| 2023-07-31 | $0 | — |
| 2024-07-31 | $223 million | $0 |
| 2025-07-31 | $15 million | $194 million |
Intuit filed 2 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Intuit’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-09-09. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.