Intuit cut 575 jobs - is this "user generated unemployment?"

The other day I reported that Brad Smith, the CEO of Intuit, had asked his managers to see which jobs could be cut because there were volunteers among Intuit's 50m users that were doing a better job -- and for free. These seem to be the emerging business benefits from social media - user generated unemployment.

The other day I reported that Brad Smith, the CEO of Intuit, had asked his managers to see which jobs could be cut because there were volunteers among Intuit's 50m users that were doing a better job -- and for free. These seem to be the emerging business benefits from social media - user generated unemployment.

Please see: Will social media lead to user generated unemployment?

Just a few weeks ago Intuit cut 7 per cent of its workforce representing 575 employees. I wonder how much of that was "user generated." Probably not much, which means more cuts are likely to follow.

Here is an excerpt from Intuit's press release:

The company plans to focus on both traditional and new markets across the globe, while embracing social networking and mobile technology trends.

[Hat tip Elliott Ng]

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