Intuit

On May 20, 2026, Intuit announced layoffs of approximately 3,000 employees, representing 17% of its staff. CEO Sasan Goodarzi cited the need to redirect resources toward AI integration across TurboTax, QuickBooks, and Credit Karma. Impacted workers were given until July 31 as their last day. The company has partnerships with both Anthropic and OpenAI to embed AI into its products.

At Intuit's January 22, 2026 Annual Meeting of Stockholders, a proposal submitted by the conservative National Center for Public Policy Research -- requesting the board report on the financial return and legal/reputational risk of Intuit's diversity, equity and inclusion programs -- was decisively rejected by shareholders. Per Intuit's SEC 8-K vote-results filing, 228,853,804 votes were cast against the proposal versus 1,753,458 for (~99.2% against). Intuit's board had recommended stockholders vote against the proposal, calling it 'unnecessary and wasteful' and affirming that employees are one of the company's four key 'True North' stakeholders. The rejection came amid a wave of similar anti-DEI shareholder proposals and corporate DEI rollbacks across the tech and broader corporate sector in 2025-2026, making Intuit's active defense of its programs a notable outlier.

Intuit launched its 'IDEAS' (Invest, Develop, Empower, Accelerate, Scale) small-business accelerator in June 2023 in partnership with the Los Angeles Urban League, providing 25-30 Black- and Latino-owned LA businesses a year of free bookkeeping/tax/marketing support, business coaching, and a $10,000 completion grant. On July 9, 2025, Intuit expanded the program nationally in partnership with the National Urban League to 9 cities (adding Charlotte, Chicago, Dallas/Fort Worth, New Orleans, New York City and San Diego to the existing Los Angeles, Atlanta and Philadelphia cohorts), plus a dedicated veteran/military-spouse cohort, reaching 250+ additional small business owners with free access to Intuit's platform (QuickBooks, Mailchimp, TurboTax, Credit Karma), a technology hardware grant, executive/business coaching, and a cash grant of at least $5,000 upon completing the 12-month program. Intuit reports (self-measured, not independently audited) that prior participants saw an average 23% revenue increase and saved 16.5 hours/month.

Intuit spent $3.7 million on federal lobbying in 2024, more than it has ever spent in a single year, primarily to kill the IRS Direct File program. For over 20 years, Intuit has waged a sophisticated campaign to prevent the government from creating a free filing system. In Q1 2025, Intuit paid $30,000 to lobby DOGE Caucus members on 'tax simplification.' In April 2025, the Trump administration announced plans to eliminate Direct File.

Intuit donated $1 million to Trump's inauguration committee in December 2024. The company stated the donation was 'part of our decades-long commitment to bipartisan advocacy.' One month later, the Trump administration announced plans to eliminate the IRS Direct File program that Intuit had lobbied against for 20+ years.

Intuit announced a science-based target, validated by the Science Based Targets initiative (SBTi), to reach net-zero greenhouse gas emissions across its full value chain (Scopes 1, 2, and 3) by fiscal year 2040 -- roughly a decade ahead of the 2050 timeline scientists say is needed to align with the Paris Agreement's 1.5C goal. The commitment includes cutting absolute Scope 1 and Scope 2 emissions 90% and Scope 3 emissions intensity 97% (per million USD of gross profit) from a FY2022 baseline. Intuit says it had already achieved carbon neutrality for prior years via decarbonization plus offsets, and has since taken concrete steps including retiring a natural gas fuel cell in favor of a renewable wind power-purchase agreement at its Mountain View and San Diego campuses, and running supplier-facing programs (Supplier Emissions Reduction Program; Supplier Climate Action Accelerator) to help vendors set their own science-based targets -- with 29% of suppliers (by emissions) committed or approved as of FY2023.

Intuit agreed to pay $141 million to settle claims that it had misleadingly promised free tax-prep services to over 4 million Americans. The FTC subsequently ordered TurboTax to cease marketing their offering as 'free' unless everyone could use them at no charge. Intuit is appealing that decision.