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

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...

Think they will pass along any savings to their users?

HA! we know the answer

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.

[dupe]

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