Intuit (INTU) Plans Additional Layoffs

Intuit Inc. (Nasdaq: INTU) is planning to cut 249 positions, with most coming from the company's Small Business Group.

According to TechCrunch, information comes from an internal memo circulated by CEO Brad Smith.

News comes as Intuit moved to lay off 399 employees last June as part of a company realignment.

Shares of Intuit fell over 12.5 percent this year, but are down just 2.6 percent from the same period last year.

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