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Intuit10-K: Restructuring charge

Intuit launches $315M '2026 Plan' restructuring, reducing workforce and closing sites.

What happened

The company is undergoing a major reorganization to become 'faster, leaner, more focused,' involving significant layoffs and site closures to reallocate resources to strategic technology hubs.

Source

SEC EDGARSep 9, 2026

Annual report (Form 10-K)

Intuit 10-K for FY2026

Filing excerpt

As part of the 2026 Plan, we are reducing our full-time workforce and are closing certain sites in service to growing technology teams and capabilities in strategic locations.

sec.gov/Archives/edgar/data/896878/000089687826000037/intu-20260731.htmRead the full source

Other signals in this filing (3)

Extracted by Autobound

From the Signal API record
Signal
10-K: Restructuring charge

What this signalsFilings often name leadership changes, deals and spending plans.

Period
FY2026
Fiscal year end
07/31
Filed
Sep 9, 2026

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The full record

From the Signal API record

Numbers

Dollar figure
$315M (Total estimated cost for the 2026 restructuring plan)

Details

CIK
896878
Accession number
0000896878-26-000037
Timeframe
Multi year
Filing year
2026
Why it matters
Vendor review likely
Signal category
Financial

Extraction

Confidence
High
Relevance
90%
Sentiment
Negative
Detected
Sep 15, 2026
signal_type
sec-10k
signal_subtype
restructuringCharge

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The API returns more than this page shows

This page shows a preview. The full sec-10k record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/57f1f6f6-a853-4a93-b125-8cf5c66b628c returns this record as JSON. POST /v1/companies/enrich returns every signal for intuit.com.

{
  "signal_id": "57f1f6f6-a853-4a93-b125-8cf5c66b628c",
  "signal_type": "sec-10k",
  "signal_subtype": "restructuringCharge",
  "detected_at": "2026-09-15T07:04:48.92+00:00",
  "company": {
    "name": "Intuit",
    "domain": "intuit.com"
  },
  "data": {
    "detail": "The company is undergoing a major reorganization to become 'faster, leaner, more focused,' involving significant layoffs and site closures to reallocate resources to strategic technology hubs. This operational upheaval creates opportunities for vendors in HR services, IT consolidation, and real estate management.",
    "metrics": {
      "timeframe": "multi_year",
      "dollar_context": "Total estimated cost for the 2026 restructuring plan",
      "dollar_millions": 315
    },
    "summary": "Intuit launches $315M '2026 Plan' restructuring, reducing workforce and closing sites.",
    "excerpts": "As part of the 2026 Plan, we are reducing our full-time workforce and are closing certain sites in service to growing technology teams and capabilities in strategic locations.",
    "relevance": 0.9,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/896878/000089687826000037/intu-20260731.htm",
    "filing_date": "2026-09-09",
    "filing_year": 2026,
    "fiscal_year_end": "07/31",
    "sales_relevance": "Vendor review likely",
    "signal_category": "financial"
  }
}

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