https://martech.org/what-intuits-layoffs-mean-for-mailchimp-customers/
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"On an earnings call last week, Deutsche Bank analyst Brad Zelnick pressed Goodarzi on how much of the restructuring was attributable to right-sizing Mailchimp versus AI efficiencies. The CEO declined to provide specifics, but made the strategic intent clear.
“We believe that Mailchimp’s revised cash flow profile will generate more value for Intuit than a third party is likely to pay for that asset in the current equity and debt environment for software.”
CFO Sandeep Aujla added: “The terms of revenue you can get from a third party just are not there right now. That is what we are making sure we are running this for profitability.”
Translation: Intuit explored selling Mailchimp and couldn’t find a buyer at an acceptable price. It is now running the product to maximize cash flow rather than grow it."