Intuit slashes hundreds of Bay Area jobs, tech layoffs top 45,000

MOUNTAIN VIEW — Intuit has revealed plans to slash hundreds of jobs in the Bay Area in an ominous reminder that the waves of tech industry layoffs in the region have yet to subside.

The financial services tech company has decided to chop 384 workers at its Mountain View headquarters complex on Coast Avenue, according to an official filing it sent to the state Employment Development Department.

With the Intuit job cuts, the number of tech layoffs revealed for the industry’s workers in the Bay Area has passed a grim milestone, this news organization’s review and compilation of hundreds of WARN notices on file with the state EDD shows.

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In 2022, 2023 and so far in 2024, tech companies have disclosed decisions to slash 45,000 Bay Area jobs, according to the assessment of the WARN notices. The current bout of tech industry staffing reductions got underway in early 2022.

Mountain View-based Intuit stated that its staffing reductions would begin around Sept. 9 of this year and continue into 2025, the WARN letter showed.

“The affected employees will receive 60 days advance written notice of their termination dates,” Lara Strauss, Intuit’s vice president of people experience, wrote in the WARN notice filed with the state EDD. “The terminations will be permanent.”


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Source:: The Mercury News – Entertainment


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