Intuit has been firing employees without pip or severance days or weeks before their RSU vesting date. This seems to be happening on a rolling basis with a % being set every quarter by leadership. Some orgs are moving jobs to India. Mint an intuit product is shutting down. Culture has drastically changed from a few years ago, with a lot of pressure to over deliver and a lot of politics by employees trying to survive. All of these seem to suggest the company is aggressively cutting costs - a behavior seen in companies that are not doing well financially. While many companies are cutting costs, shutting down product lines (mint is well known and been around a while) and firing employees just before their vesting date suggests a desperation. Publicly intuit has claimed not to need a layoff and has continued to hire. So if you have an offer from Intuit please do your research before joining this place. https://www.theverge.com/2023/11/2/23943254/mint-intuit-shutting-down-credit-karma Intuit was sued by government over their turbo tax promotion https://www.cnn.com/2023/05/09/business/turbotax-settlement/index.html
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It looks common across the industry. I mean showing better efficiency
People have been fired a day before their vesting date, that's not efficiency that's a company that is desperate and doesn't care about it's reputation.
Op is correct . I was victim of politics and had to leave Intuit without severance. Whoever joining just be careful as most of the teams are worst and highly political
The Mint closure was announced quite some time ago. The DNME quota is true and people are still being impacted. Some lay offs were valid since they were poor performers but that cannot be said for all.
When you do % quotas it stops being about performance
True, but low performers will always be first to go
Here is current last 1 year reality of intuit 1. Old folks who having >10 years are huge in numbers unlike many companies. 2. New comers are exploited and made to work more and more. 3. There is no hint your are in PIP year round during manager 1:1 4. Suddenly there is 7% of folks are in PIP = 1800 global engineer 5. Midyear PIP is coming 6. PIP there is one way communication. Even you do better manager chooses couple of bootlicker and makes case against you stronger. 7. You don't have anyone on your side as you are IC and manager can benefit his/her reportees hence naturally they favour manager & put you out of the system. 8. No shame on people left by making case against honest person. They just save their job no matter if other person will suffer. 9. Manager make Non editable google document and even you oppose you can't edit anything. 10. Manager shares google doc to Director and HR. so and so person is not improving 11. HR and manager says today is your last day and tell you are not improving. 12. They fire you just before 1 or 2 weeks before RSU vest 13. They pay 1 month basic pay which is far less than RSU vest. 14. By firing employee and paying basic pay for a month they saved buck 15. Repeat for 1800 employees 16. Done.
Don't believe see this intuit private post. Fired just one day before RSU vest. This is the level of intuit.
When did it happen ? Don't see that post
Oh yeah I just saw that now . Cold 🥶
3 people on Intuit blind stirring hard
He is been sent from Intuit disaster team 😂😂
Spintuit I saw your posts defending the leadership in the internal board, apt name since you love to spin facts. I don't know who you are but please go and count the number of I was let go posts in the intuit sub and you will find that it is enough to qualify as a sneaky layoff. 7% before the Aug review and 5% is the new number for round 2. This is the % of people who have been cut/will be cut. As always couldn't argue with the facts so decided to attack me instead and accuse me of stirring the pot.
🤧
I came from a faang equivalent company and I was put in dnme
How long after joining did they put you in that? Also, did you notice that it was common in your team/org to be put on dnme?
Mint shutting down isn’t necessarily an indicator of financial problems. Maybe trimming the fat - Mint doesn’t make much money. I don’t know if it’s even profitable.
Among intuit's products it was the most recognizable to consumers. Whenever I told people I work at Intuit they would mention using mint. It may not necessarily make money but from a business prespective it was an amazing data collector.
Turns out the roi on the data collected wasn’t good enough to warrant maintaining the product
How severe is it? I am interviewing for intuit.
Internal board filled with posts from people being fired every week. Apparently intuit doesn't have a pip so you find out your last date on the same day.
Yeah that's true