🔴 INTU is trading 5% down today after cutting 17% of workforce in AI-focused restructuring

INTU is trading about 5% down today at $379.90 after announcing a large restructuring focused on artificial intelligence.

• The company is cutting roughly 3,000 jobs, or 17% of its global workforce, to reallocate spending toward AI initiatives.
• Shares fell around 3.9% immediately following the announcement, with the decline deepening despite a mixed broader market.
• The sell-off suggests investors are reacting specifically to the scale of the layoffs and the long-term implications of the strategic shift.