After Intuit announced a reduction in force of about 10% of current headcount, and noted that it plans to hire a similar number of employees with headcount growing in FY25 and beyond, Jefferies noted that the re-hiring will be focused on strategic growth areas. With the planned new hires, Intuit is doubling down on key strategic goals, including expert-enhanced solutions, AI, moving up to mid-market, and international expansion along with Mailchimp, says the analyst, who maintains a Buy rating and $770 price target.
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