In a memo to employees, CEO Sasan Goodarzi said the layoffs are meant to reduce complexity, simplify the company's corporate structure, and deliver better AI products.
This, and, I think the “AI” investigations the companies are doing is revealing a lot of “what is it you say you do here?” moments. (An Office Space quote, which is required viewing for anyone commenting on corporate jobs)
I think a lot of companies are finding that a lot of jobs are expendable. Now, before you all accuse me of siding with corporations, I feel they aren’t going to just keep the workers who have been pulling their weight this whole time, they’re gonna slash randomly or by popularity and just say “work harder or leave.”
After Peter has told the Bobs exactly what he does, i.e. nothing, the Bobs report back to Limburgh.
I’d like to move us right along to a Peter Gibbons. Now we had a chance to meet this young man, and boy that’s just a straight shooter with upper management written all over him.
The growth prospects for Intuit are poor. They can basically try to upsell you harder while you’re using TurboTax. I sure don’t like the idea of AI being involved in my tax preparation, though
The QuickBooks ecosystem is a large driver, but they also offer their payment processing via many other paths. Competition in the space is vast, and a good thing, unfortunately most of the competing products are actual garbage.
‘Layoffs to focus on AI’ at this point seems to be the in-vogue way to distract investors from the poor financials that are driving the layoffs.
This, and, I think the “AI” investigations the companies are doing is revealing a lot of “what is it you say you do here?” moments. (An Office Space quote, which is required viewing for anyone commenting on corporate jobs)
I think a lot of companies are finding that a lot of jobs are expendable. Now, before you all accuse me of siding with corporations, I feel they aren’t going to just keep the workers who have been pulling their weight this whole time, they’re gonna slash randomly or by popularity and just say “work harder or leave.”
The next 10 years is gonna a clusterfuck.
After Peter has told the Bobs exactly what he does, i.e. nothing, the Bobs report back to Limburgh.
I just watched it again this year, after not having seen it for like 15 years so I didn’t remember a thing 😅
I did too. Didn’t it sound like such an innocent crime these days?
Definitely! 😅
financials are pretty good. it’s their share price that is going down the shitter.
The growth prospects for Intuit are poor. They can basically try to upsell you harder while you’re using TurboTax. I sure don’t like the idea of AI being involved in my tax preparation, though
Turbo Tax is small peanuts for Intuit, they make most of their money from the Payments division.
Is that through QuickBooks? Seems like there’s a lot of competition in that space too, though I’m not very familiar with it
The QuickBooks ecosystem is a large driver, but they also offer their payment processing via many other paths. Competition in the space is vast, and a good thing, unfortunately most of the competing products are actual garbage.