Intuit Shares Drop After CEO Announces Major Job Cuts Ahead of Earnings
Intuit disclosed an internal memo from CEO Sasan Goodarzi announcing about 3,000 job eliminations, representing roughly 17% of its global workforce across seven countries, and the closure of two U.S. offices. The announcement came the same day the company was set to report fiscal third-quarter results and coincided with a marked selloff in the stoc…