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Intuit Cuts 3,000 Jobs for AI Bet

Sunday, June 14, 2026

Today's Trade Leaks

1
INTU

Intuit Slashes Jobs for AI Push, Shares Drop 5%

Intuit's cutting 3,000 jobs. That's 17% of its workforce. Shares tank 5%. Why? It's all in on AI. Deals with OpenAI and Anthropic aim to transform TurboTax and QuickBooks. Will this gamble pay off, or will it just cut too deep?
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2
CTVA

Corteva's Restructuring Costs Soar as They Exit Spain Site

Corteva's restructuring costs just shot up. They're pulling out of Spain, but it's not cheap. Originally pegged lower, the charges now soar to $815 million. That's $115 million more than expected. Demolition, contract exits, and layoffs are all on the table. And it's not wrapping up until 2028. Why is this restructuring so costly?
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3
CRM

Salesforce's Big AI Move: Buying M3ter for Usage-Based Pricing

Salesforce is shaking up the game. They're buying m3ter to supercharge usage-based pricing. Think AI-driven billing, not just subscriptions. This could redefine revenue models for businesses everywhere. But why is this such a big deal? What's the catch for Salesforce and its investors?
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