Intuit layoffs?
I joined Intuit a couple of months back as a Software Engineer. Given the recent re-orgs and with year end approaching I was wondering if there are any layoffs on the horizon. I have heard that the company did regular layoffs in the past around mid-June timeframe so was feeling really anxious given that I have just completed onboarding and have just started contributing to any projects. Also, heard from peers that TRs are over and the ratings are in for the teams. Any insight would help… let me know. Thank you 🙏🏻 #tech #layoffs #intuit
Tc or GFTO
Heard 10-15% cuts via performance management for this year
Thanks for sharing. Would that mean FY23 ending in July?
apparently its 7% and 10% for us in mc thanks intuit
Layoffs not planned by intuit. Layoffs that happened were in credit karma teams because of operating profit issues of the business and over engineering capacity. Intuit does not rely on advertising dollars. So its revenues will not get impacted to the extent of facebook or google. Dont worry. Intuit was 1 of the few companies which grew its revenues even in 2008-2009 financial depression.
“Layoffs that happened were in credit karma” — um, when?
Layoffs not planned by intuit. Layoffs that happened were in credit karma teams because of operating profit issues of the business and over engineering capacity. Intuit does not rely on advertising dollars. So its revenues will not get impacted to the extent of facebook or google. Dont worry. Intuit was 1 of the few companies which grew its revenues even in 2008-2009 financial depression.
One word of advice I heard long time ago which still resonates with me. Everything is temporary in life even life itself. Don’t let news like this run your life.
Coasters and low performers might get managed out as part of the performance review cycle which ends in June … apart from that, not expecting any layoffs. Even then they’ll get pip’d first. So, relax.
I thought the cycle ends in July… is it pulled in?
@op yes FY ends in July, but calibration meetings and all already happened, I'm pretty sure that by end of May managers already know who is getting the boot
Tc or GTFO
Cycle ends in July. 7.5% quota for DNM. But in the last 2-3 years, Intuit didn’t have churn in PIP and this year is a very low attrition due hiring freeze or layoffs in the industry. So there is 7.5% DNM, which is still better than the industry competitors. We really need to improve our talent pool, recent acquisition also brought in subpar talent with highly inflated titles.
Meaning Mailchimp?
Stop spreading rumours
Would love to know about this as well.