Intuit to Cut, Then Hire, 1,800 Workers in Pivot Toward AI

https://www.wsj.com/business/intuit-to-cut-1-800-workers-close-2-worksites-in-reorganization-plan-e88e05d6

by arrowleaf • 2 years ago

2 4 2 years ago

arrowleaf2• 2 years ago

In the Boise market, Intuit is laying off 157 employees and announced the closure of their campus due to Boise not being a strategic location for AI R&D. This comes after Intuit bought the Boise-local time-tracking software company, TSheets, and expanded the TSheets campus with a second building to accommodate up to 900 employees.

https://boisedev.com/news/2024/07/10/intuit-will-shut-down-e...

b3ing• 2 years ago

Think they will pass along any savings to their users?

HA! we know the answer

arrowleaf2• 2 years ago

I'd be real curious to see their ROI calculations on this strategic move. Laying off those 1800 employees will cost them $260 million, before factoring in hiring costs for 1800 highly technical replacements.

Salaries for experienced SWEs in Boise are cheap. Looking at levels.fyi there's a recent salary from an Android engineer with 5 years of experience grossing 143k. If they're looking for FAANG talent they won't even be able to poach a college grad for that amount.

ChrisArchitect• 2 years ago

[dupe]

Some more discussion: https://news.ycombinator.com/item?id=40926656

Intuit to Cut, Then Hire, 1,800 Workers in Pivot Toward AI

Related Stories