3 ms·
Intuit to Cut, Then Hire, 1,800 Workers in Pivot Toward AI
- arrowleaf 2y agoIn 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-eagle-office-in-ai-pivot-cut-all-local-jobs/ https://boisedev.com/news/2024/07/10/intuit-will-shut-down-e...
- b3ing 2y agoThink they will pass along any savings to their users? HA! we know the answer
- arrowleaf 2y agoI'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.
- ChrisArchitect 2y ago[dupe] Some more discussion: https://news.ycombinator.com/item?id=40926656 https://news.ycombinator.com/item?id=40926656