In the Boise market, Intuit is laying off 157 employees and announced the closure of their campus due to Boise not being a strategic location for AI R&D. This comes after Intuit bought the Boise-local time-tracking software company, TSheets, and expanded the TSheets campus with a second building to accommodate up to 900 employees.
I'd be real curious to see their ROI calculations on this strategic move. Laying off those 1800 employees will cost them $260 million, before factoring in hiring costs for 1800 highly technical replacements.
Salaries for experienced SWEs in Boise are cheap. Looking at levels.fyi there's a recent salary from an Android engineer with 5 years of experience grossing 143k. If they're looking for FAANG talent they won't even be able to poach a college grad for that amount.
https://boisedev.com/news/2024/07/10/intuit-will-shut-down-e...