Intuit is closing its Woodland Hills office as part of a 3,000-job global layoff wave. The company filed WARN notices for 493 California layoffs, with affected workers receiving up to 16 weeks of severance and a July 31 exit deadline.
*Intuit, the Mountain View-based financial software giant behind TurboTax, QuickBooks, and Credit Karma, is closing its Woodland Hills office as part of a sweeping restructuring that eliminates roughly 3,000 jobs* worldwide.
The company filed official WARN Act notices with California and Nevada on May 20, 2026, signaling permanent layoffs affecting 655 employees across the two states. Of those, 493 are in California and 162 in Nevada, according to the Reno Gazette Journal.
Intuit Chairman and CEO Sasan Goodarzi told employees in an internal memo that the company is "winding down our Reno and Woodland Hills (California) offices and reducing our presence in other locations."
The Woodland Hills office is located at 6888 Sierra Center Parkway, a major business hub in the San Fernando Valley. Intuit did not specify the exact number of employees based at the Woodland Hills location. Some workers from the site will be offered the option to relocate to other Intuit offices based on business needs, a company spokesperson told the Reno Gazette Journal.
Affected U.S. employees are expected to leave by July 31. Workers will receive 16 weeks of base pay, plus two additional weeks for every year of service, according to the company.
The layoffs represent approximately 17 percent of Intuit's global workforce. The restructuring is projected to cost the company between $300 million and $340 million in charges, according to Simply Wall St.
The cuts come as Intuit reported stronger-than-expected third-quarter revenue and raised its full-year fiscal 2026 outlook to $21.34 billion to $21.37 billion in revenue. The company also confirmed a $1.20 quarterly dividend and completed a $12.57 billion share repurchase program.
Intuit has faced scrutiny over how artificial intelligence is reshaping the tech workforce. The company explicitly denied that the layoffs are related to AI adoption.
"This was driven by our decision to co-locate our teams within strategic hubs to drive deeper collaboration and impact," an Intuit spokesperson told the Reno Gazette Journal.
The layoffs follow a broader industry pattern. According to Layoffs.fyi, more than 114,173 technology workers have been laid off across more than 140 companies so far in 2026.
One day after Intuit's announcement, California Governor Gavin Newsom signed an executive order on May 21, 2026, directing state agencies to explore new worker protections for employees displaced by AI-driven economic shifts.
"This executive order predicts a widening gap between A.I. companies and workers as the industry explodes in profitability. We will pursue new policies that make sure California workers aren't left behind."
State agencies must complete initial assessments within 90 days. The order does not impose immediate legal mandates but directs exploration of severance policy enhancements, subsidized employment programs, and partnerships with local workforce development boards.
The WARN Act requires employers to provide 60 days' advance written notice before mass layoffs affecting 50 or more workers. California's enhanced 2026 rules also require employers to explain how they will support affected workers, including plans to coordinate with local workforce boards.
Intuit's closure of its Woodland Hills office removes a significant tech employer from the Sierra Center business park. The neighborhood has seen other corporate shifts in recent years, and the loss of an Intuit presence adds to ongoing questions about the Valley's role in California's technology economy.
Affected employees have until July 31 to transition out of their roles. Those offered relocation may find positions at other Intuit sites. Others will enter a job market already strained by thousands of displaced tech workers competing for fewer openings.
This story is based on reporting from the Reno Gazette Journal, ETHRWorldSEA, Simply Wall St, ECIKS.org, and public WARN Act filings.
This article was generated with AI assistance.