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Crypto Briefing is a leading independent crypto media organization delivering relevant news and in depth research to those who are serious about cryptocurrency and web3. Since 2017, our team of crypto experts have provided unbiased reviews, breaking news, forward-looking market analyses, and comprehensive research to h
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News
Intuit cuts 17% of workforce in restructuring aimed at AI platform scalability
2+ week, 1+ day ago (378+ words) The TurboTax parent is spending up to $340 million on severance as it consolidates teams and doubles down on AI partnerships with OpenAI and Anthropic. Intuit just told roughly 3,100 employees that their roles are being eliminated, a move the company says…...
Intuit sinks 12% amid AI disruption fears, Adobe and ServiceNow drop 3%
2+ week, 3+ day ago (284+ words) A strong earnings beat couldn't save Intuit from a brutal sell-off after management slashed growth expectations, dragging the broader software sector down with it. Intuit posted fiscal Q4 adjusted earnings of $4.03 per share, comfortably beating the $3.58 analysts expected. The stock dropped…...