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Intuit Newsroom
Intuit to Lay off 1,800 Amid Location Shuffle and AI Investment
By Steve Gelsi Tax software company said it's identified 1,050 employees who are 'not meeting expectations' Inuit Inc. said Wednesday it's cutting 1,800 jobs - or about 10% of its workforce - and
Analysts Offer Insights on Technology Companies: Intuit (INTU), Super Micro Computer (SMCI) and Apple (AAPL)
Intuit (INTU.US) increases AI investment and cuts 10% of low-performing employees and executives.
USA tax software giant Intuit will cut 1800 employees and replace underperforming executives with new talent to strengthen the company's focus on products that use AI.
Intuit to Cut About 1,800 Jobs as It Looks to Increase AI Investments
(July 10): TurboTax-parent Intuit said on Wednesday it will let go of about 1,800 employees, or 10% of its workforce, as it looks to focus on its AI-powered tax preparation software and other financial products. The company, which has invested heavily in providing generative A...
Top Gap Ups and Downs on Wednesday: MA, INTU, HDB and More
Gaps can show signals that something important has happened to the fundamental or the psychology of traders that accompanies this market movement.
S&P 500, Nasdaq Close at Record Highs Ahead of CPI Report
The S&P 500 and the Nasdaq Composite closed at new all-time highs Wednesday as Federal Reserve Chair Jerome Powell reiterated that price pressures were likely easing, while markets awaited consumer
US Equities Markets Close Higher Wednesday as Fed Chair Powell Reiterates Comments on Inflation
US benchmark equity indexes closed higher Wednesday as Federal Reserve Chair Jerome Powell reiterated that inflationary pressures were likely easing.* Powell, during his testimony to the House
Equity Markets Rise Intraday After Fed Chair Powell's Remarks
US benchmark equity indexes were higher after midday Wednesday as Federal Reserve Chair Jerome Powell reiterated that inflationary pressures were likely easing.The Nasdaq Composite was up 1% at 18,608
Top Midday Decliners
Ziff Davis (ZD) slid past 11% on Wednesday after the digital media company disclosed plans to exchange about $401 million of its 1.75% convertible senior notes due 2026 held by selected investors
Sector Update: Tech
Tech stocks were gaining Wednesday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 1% and the SPDR S&P Semiconductor ETF (XSD) climbing 2.3%.The Philadelphia Semiconductor index
Why Software Company Intuit's Shares Are Trading Lower Today
Intuit Inc. (NASDAQ:INTU) shares are trading lower after the company announced a reorganization plan aimed at reallocating resources to its key growth areas.As part of this plan, the company will
CrowdStrike Leads Selloff in Software Stocks as 'FOMO' Chip Trade Roars Back
By Emily Bary Salesforce, Snowflake shares among other prominent decliners as the rotation into software stocks takes a pause Software stocks are continuing their pullback on Wednesday as the chip
Stocks to Watch Wednesday: Intuit, TSM, Warner Bros., Honeywell -- WSJ
By Anna Hirtenstein Warner Bros. Discovery (WBD): CNN said it would cut about 100 jobs and launch a digital subscription product this year. Shares of Warner Bros., CNN's parent company, fell 2% in
William Blair Maintains Intuit(INTU.US) With Buy Rating
William Blair analyst Arjun Bhatia maintains $Intuit(INTU.US)$ with a buy rating.According to TipRanks data, the analyst has a success rate of 39.6% and a total average return of -2.4% over the past
Intuit's Strategic Reinvestment and Growth Potential Warrant a Buy Rating
Intuit Cuts 10% of Workforce, Plans Strategic Rehire in Growth Areas | NASDAQ:INTU, ETR:ITU
Intuit to Cut 10% of Staff in Shift to Focus on Generative AI -- Barrons.com
By Angela Palumbo Intuit, the owner of TurboTax, is cutting approximately 10% of its employees in an overhaul of the staff as it changes its focus toward generative artificial intelligence. Chief
Deutsche Numis Maintains Intuit(INTU.US) With Buy Rating, Maintains Target Price $740
Deutsche Numis analyst Brad Zelnick maintains $Intuit(INTU.US)$ with a buy rating, and maintains the target price at $740.According to TipRanks data, the analyst has a success rate of 69.1% and a
Intuit to Cut 1,800 Jobs, Close Facilities in Idaho, Canada
Intuit (INTU) said Wednesday it would eliminate around 1,800 jobs and close facilities in Idaho and Alberta, Canada, in a reallocation of resources expected to be completed by the end of the company'
Street Color: Intuit Cutting Roughly 1,800 Jobs as Part of Restructuring
09:22 AM EDT, 07/10/2024 (MT Newswires) -- Street Color: Intuit Cutting Roughly 1,800 Jobs as Part of RestructuringPrice: 637.88, Change: -11.64, Percent Change: -1.79