Intuit Lays Off 17% of Staff as Revenue Growth Sinks to Lowest Level Since 2024

Intuit shares dropped around 14% in extended trading on Wednesday as the maker of QuickBooks and TurboTax reported revenue growth dipping to its slowest pace since 2024. Revenue in the fiscal third quarter, which ended April 30, climbed 10% from the previous year to $8.6 billion, much less than ...

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