TLDR:
Intuit announced it will cut nearly 2,000 jobs and shut down its Eagle office in Boise to pivot towards artificial intelligence. The company will close the campus in Eagle and focus on strategic locations for growth. The changes will impact 157 employees at the Boise site, with employees remaining on the payroll until September 9th. Intuit will pay between $250 million and $260 million in severance and other costs.
Key Elements of the Article:
- Intuit announced it will cut nearly 2,000 jobs and close its campus in Eagle near Boise, as well as another location in Edmonton, Canada
- The company will pivot towards artificial intelligence and launch a new hiring spree after cutting the workforce and closing locations
- Intuit will pay between $250 million and $260 million in severance and other costs
- The changes will impact 157 employees at the Boise site, with employees remaining on the payroll until September 9th
- Employees will receive severance pay, health insurance coverage, and access to career development and job placement services
Intuit’s decision to focus on strategic locations for growth, close its Eagle office, and invest in artificial intelligence marks a significant shift in its business strategy. The impact on employees and the severance package provided by the company highlights the challenging nature of such organizational changes.