Read Intuit CEO's message announcing over 1,000 layoffs due to performance — but the company is hiring 1,800 in areas like AI

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Intuit's CEO wrote in an email to staff that 1,050 of 1,800 cut employees didn't meet expectations. The company plans to hire a roughly equal number of workers in roles in engineering and prudcut. The company is moving forward with a reorganization plan to focus on "key growth areas" like AI. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Advertisement Intuit announced Wednesday that it's cutting 1,800 employees, 1,050 of whom weren't meeting expectations, according to an email from the CEO. "We've significantly raised the bar on our expectations of employee performance," the CEO wrote in the email included in an SEC filing. CEO Sasan Goodarzi added in the email that the company believes the staff would find more success elsewhere, the report said. Intuit did not respond to a request for comment. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in .