INTU Stock Recent News
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In the most recent trading session, Intuit (INTU) closed at $633.36, indicating a +1.12% shift from the previous trading day.
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The latest trading day saw Intuit (INTU) settling at $637.10, representing a -1.15% change from its previous close.
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Intuit is paying more than $555,000 in back wages to workers who missed overtime payments. The Labor Department said it hadn't kept accurate pay records and didn't pay workers for required training.
Global financial company Intuit, which owns TurboTax, Quickbooks, MailChimp, and more, announced Wednesday that it's laying off 1,800 employees, or about 10 percent of its workforce. Unlike many recent tech layoffs focused on reducing the workforce, Intuit cited that most of today's layoffs were performance-related.
Intuit (INTU) shares fell Wednesday after the accounting software maker announced that as part of a reorganization plan it was cutting jobs of current employees, but plans to replace them as it shifts its focus towards artificial intelligence.