/>
X

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.
tom-foremski.jpg
Written by Tom Foremski on

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]

Related

A United Airlines pilot made a big speech to passengers. Not everyone will love it
screen-shot-2022-08-09-at-9-39-33-am.png

A United Airlines pilot made a big speech to passengers. Not everyone will love it

Business
Why you should really stop charging your phone overnight
iphone-charging.jpg

Why you should really stop charging your phone overnight

iPhone
How to get Photoshop for free
photoshop free trial

How to get Photoshop for free

Photo & Video