Remix.run Logo
insane_dreamer 4 hours ago

> In its fiscal second quarter ended January, Intuit reported revenue of $4.65 billion, a 17% increase, and net profit of $693 million, a 48% improvement compared to a year earlier.

So profits are up 50% YOY and the CEO got a $30M package, but they're cutting 3000 employees.

matwood 3 hours ago | parent [-]

Companies aren’t charities. If those 3k employees were important to the revenue or profit, we’ll find out in the next couple quarters.