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

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.

Normally, word of layoffs gives stocks a boost, as businesses are about to lower costs and are willing to do what’s needed to get there. The human cost, however, is seldom factored in. But for Intuit ...

Intuit CEO Sasan Goodarzi, left, shown with Credit Karma CEO Ken Lin in 2020, said in a letter to employees, that the layoffs were not about cost-cutting, but giving the company the freedom to hire ...