The layoffs bludgeoning the tech industry continued this week as artificial intelligence reshapes the industry.

Mountain View-based Intuit, the maker of TurboTax, on Wednesday said it was laying off 17% of its workforce, or about 3,000 employees, as part of its restructuring to cut costs and invest in artificial intelligence.

The company said it had slowed down due to “too many organizational layers” and the cuts will simplify the organization to become a “faster, leaner, more focused company.” Intuit said it will close its offices in Reno and Woodland Hills and incur an estimated $300 million to $340 million in restructuring charges.

“We believe we can serve more customers and deliver breakthrough products that fuel our customers’ success by reducing complexity and simplifying our structure,” Sasan Goodarzi, chief executive of Intuit, said in a memo shared with employees.

Intuit announced the layoffs on the same day it reported its third-quarter results, in which revenue jumped 10% from a year earlier, to $8.56 billion.

Intuit adds to the count of more than 114,000 tech-sector employees laid off this year, according to Layoffs.fyi.

Meta laid off 8,000 workers on Wednesday, as the company cuts costs to ramp up investment in AI agents and infrastructure. The ever-expanding list of tech companies that have cut jobs includes Coinbase, Amazon, LinkedIn and more. Some have cited productivity gains enabling fewer workers to accomplish more with AI, while others pointed out restructuring and cost-cutting to prepare for the AI disruption.

In an earnings call, Intuit‘s chief financial officer, Sandeep Aujla, said the cuts were intended to make the organization leaner, and weren’t tied directly to Intuit’s AI use.

“AI is an important part of how we’re evolving as a company, but these decisions were not driven by AI replacing employees,” an Intuit spokesperson reiterated in an email .

Best known for its TurboTax platform, Intuit has branched into accounting with QuickBooks, credit scoring through Credit Karma and email automation via Mailchimp. Facing increased competition for AI-driven tax solutions, the company is integrating AI across its entire portfolio.

“Our AI agents are delivering value at scale, with our accounting AI agents powering recommendations across more than 50 million transactions each week, and business tax AI agents identifying millions of dollars in deductions,” Goodarzi said in the earnings call.

The restructuring will reduce overlapping roles in TurboTax and Credit Karma as the company integrates both into a single team.

A deep sense of anxiety has settled in the tech job market, propelled by consecutive layoffs and coding tasks being automated by AI.

Tech leaders have portrayed the role of human software engineers as a human in the loop, overseeing and verifying AI agents that do the work of coders.

By 2027, software developers are expected to see a 3% job contraction due to AI coding capabilities, according to Labor Automation Forecasting Hub by Metaculus, a popular website where forecasters predict how AI will reshape the workforce.

President Trump on Thursday announced that grocery stories and air conditioning companies will be allowed to keep using high-polluting refrigerants for longer than they would have under a law he signed during his first administration.

“This was a tremendous burden, a tremendous cost,” said Trump, surrounded in the Oval Office by executives from supermarket chains including Kroger, Fairway, Neimann Foods and Piggly Wiggly. “It was making the equipment unaffordable, and the actual benefit was nothing.”

The move loosens rules meant to restrict hydroflourocarbons, a class of climate-damaging chemicals used in cooling equipment. HFCs are known as “super pollutants” because their impact on climate change can be tens of thousands of times greater than carbon dioxide during their shorter lifespans.

In the move Thursday, the Environmental Protection Agency extends the deadline for companies to comply with a 2023 rule transitioning refrigerators and air conditioners off HFCs and onto new cooling technologies. Reducing these chemicals and moving to cleaner refrigerants has long been a bipartisan issue.

Trump is also proposing exemptions from a rule requiring leak repairs on large-scale refrigeration systems.

The administration framed the changes as part of its effort to bring down high grocery costs. EPA administrator Lee Zeldin said the actions will save $2.4 billion for Americans and safeguard 350,000 jobs.

“Americans who wanted to be able to fix their equipment were instead being required to buy far more costly new equipment and that just doesn’t make any sense,” said Zeldin.

David Doniger, senior attorney at the Natural Resources Defense Council, said the move will not only harm the climate, but U.S. competitiveness in global refrigerant markets as well.

“The EPA is catering to a small group of straggling companies by derailing the shift away from these climate super-pollutants,” he said. “The industry at large supports the HFC phasedown and has already invested in making new refrigerants and equipment, currently installed in thousands of stores.”

Danielle Wright, executive director of the North American Sustainable Refrigeration Council, an environmental nonprofit, said any perceived near-term savings from the rollbacks will be outweighed by the future costs.

“Business owners are far more worried about the escalating cost of keeping aging, high‑global-warming-potential equipment running than they are about the cost of installing new, compliant systems,” she said.

Trump dismissed the climate concerns, saying his changes “are not going to have any impact on the environment.”

He said he wants to get rid of the technology transition rule entirely in the future.