Intuit announces layoffs, employees at Boise-area campus impacted

Posted at 4:20 PM, Jun 23, 2020
and last updated 2020-06-23 19:23:57-04

This article is written by Don Day with BoiseDev.

Intuit, which operates a growing campus in Eagle, announced it would cut 715 jobs across the company. The announcement came from company CEO Sasan Goodarzi in a note to employees.

“Today, we’re announcing a series of changes across the company that will accelerate our transformation and increase our velocity by re-balancing our investments,” Goodarzi wrote. “Regrettably, these changes will impact 715 of our friends and co-workers. Departures are never easy, and those leaving have done great work for Intuit and I am deeply grateful for their service and contributions.”

The company said it would hire 700 new roles in the future to “build the capabilities needed as we look ahead.”

Intuit acquired Eagle-based TSheets in 2018. It rebranded the local campus and began to hire employees focused on products outside the core time-tracking product it acquired from TSheets.

Three sources familiar with the local office said employees were affected. An Intuit spokesperson could not provide specifics on impact to the Boise-area campus.

Goodarzi’s note said the employees laid off would receive a severance package, health care, support for finding new jobs and help with workers on immigrant visas.

Last year,the company said it would nearly double the size of the local campus with a second office building at the Bridges at Lakemoor campus off Eagle Rd.