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New from Intuit: TurboAxe

turboaxethumbThis week proved a lousy one for 300 or so Intuit employees. The tax-preparation software maker on Thursday sacked 4 percent of its work force as part of its ongoing resource management efforts. “We manage our resources on an on-going basis; these changes support our long-term growth strategy,” an Intuit (INTU) spokesperson said in a statement. Said strategy, it should be noted, also includes the $170 million acquistion just two days ago of PayCyle, an online payroll services provider

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John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »

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