09:23 AM EDT, 07/10/2024 (MT Newswires) -- Intuit (INTU) said Wednesday it would eliminate around 1,800 jobs and close facilities in Idaho and Alberta, Canada, in a reallocation of resources expected to be completed by the end of the company's fiscal Q1 in October, according to a filing with the US Securities and Exchange Commission.

The software firm estimates it will incur approximately $250 million to $260 million in charges in connection with the reorganization, primarily during its current Q4 ending July 31.

Price: 638.00, Change: -11.52, Percent Change: -1.77