Intuit to cut 10% of workforce amid plans to boost investment in “key growth areas” such as AI
Intuit plans to hire 1,800 new workers to support the firm’s aim to capitalise on the “AI revolution”.
Intuit plans to hire 1,800 new workers to support the firm’s aim to capitalise on the “AI revolution”.
Intuit first acquired Mint for $170 million back in 2009.
The deal will see SeedFi become part of Intuit’s Credit Karma business.
The firm has made the decision “due to the uncertainty of the macroeconomic environment”.
Despite COVID-19, the financial sector has still enjoyed some notable M&A deals.
Square enjoyed a 4% jump in stock market value following the announcement.
What do you get when you combine Intuit, Lending Club and Wealthfront?
Business and financial software company Intuit has chosen Amazon Web Services (AWS) as its standard for machine learning (ML) and artificial intelligence (AI) workloads.