Intuit bought an Eagle firm 7 years ago. It dismissed all 157 Eagle employees Wednesday

Intuit, the tax-preparation software maker that bought an Eagle firm that made digital time sheets, is closing its Eagle site.

One hundred and fifty-seven employees there were laid off as a result, Intuit told the Idaho Statesman.

Intuit laid off about 250 people by closing its Eagle and Edmonton, Canada sites, CEO Sasan Goodarzi said in a message to all employees Wednesday morning. It also dismissed 1,050 employees who “are not meeting expectations,” trimmed executive jobs by 10% and cut 300 other jobs companywide, resulting in the loss of 1,800 jobs in all, Goodarzi said. That is 10% of the company’s workforce.

“We are grateful for the amazing contributions and impact our employees and the Boise community have made on Intuit,” Sara Day, a public relations spokesperson, told the Statesman in an email.

The majority of Intuit’s Boise employees worked in tech and customer-success roles, Day said.

Intuit had purchased TSheets, one of the Treasure Valley’s fastest-growing technology startups, in 2017 for $340 million, the Statesman previously reported. TSheets had 260 employees at that time, according to Statesman and Idaho Business Review reporting.

Goodarzi said the layoffs would allow Intuit to “reinvest in the necessary skills and capabilities” and hire 1,800 new people mostly in engineering, product and customer-facing roles like sales, customer success and marketing.

The layoffs were first reported by The Wall Street Journal.

Day told the Statesman that Intuit is strategically growing its technology teams and capabilities. The company will focus on key growth sites in Atlanta, Bangalore, New York, Tel Aviv and Toronto, Day said. These locations are “resourced with the product and technology teams that are accountable for end-to-end ownership of discrete technology capabilities and critical customer problems,” she said.

Going-away pay, benefits

The dismissed Intuit employees will get a minimum of 16 weeks of pay and two additional weeks for every year of service, Goodarzi said. Intuit said it will also provide six months of health insurance coverage and access to mental health support during the transition period.