American financial software company Intuit began its transition to AI five years ago. After a new CEO took office in 2019, the company swiftly laid off over 700 employees due to the slow progress in internal technical transformation training, replacing them with 700 new technical talents. Intuit also invested heavily in acquiring companies to obtain vast amounts of data for training AI models. Intuit aims to double customer savings by 2025 and increase the success rate of small and medium-sized enterprises by 20% by 2030. The Intuit CEO believes that the AI era will inevitably eliminate those clinging to outdated practices, demonstrating the management's foresight.
Intuit lays off over 700 in AI transition, CEO states: Technology is advancing too quickly, old-timers will eventually be eliminated
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