Source: CNBC
Summary
Intuit, the financial software company, is laying off around 10% of its workforce, approximately 700 employees. The move is aimed at reducing complexity and simplifying the company’s corporate structure. According to CEO Sasan Goodarzi, the goal is to deliver better AI products.
Our Reading
The announcement sounds ambitious.
Intuit is cutting 10% of its workforce to “deliver better AI products”. The company wants to reduce complexity and simplify its structure. Because that’s exactly what AI products need – fewer people to make them. Intuit joins the ranks of companies that somehow think AI is a people problem. This is just another “restructuring” with a trendy buzzword attached.
Author: Evan Null
