Intuit's stock ( $INTU ) dropped 20% after the company announced a major 17% workforce reduction and released mixed third-quarter financial results, including downward revisions in long-term growth forecasts for key business segments.


Wall Street is increasingly worried that traditional software-as-a-service (SaaS) companies like Intuit will be disrupted by AI-native startups.
In 2026, it erases 53% value.
INTU0.12%
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