Intuit is scaling back its physical presence in Eagle.
In 2019, we told you about the California company’s plan to double its presence in Eagle with the addition of a second office building at the Bridges at Lakemoor. Now, the company will shrink back to just a single building.
Intuit, which acquired local software company TSheets in 2017, decided to build a second 65,000-square-foot building off Eagle Rd. adjacent to the first in 2019. The plan was to provide office space for 900 workers across the two buildings, forming a campus of sorts.
But now the original TSheets/Intuit building is for lease. Commercial real estate firm JLL has all three floors of the building listed for sublease, available starting next month. Ada County property records show an entity related to Boise’s Hawkins Companies sold the two buildings to an entity controlled by Reese Properties of Mountain View, California, earlier this year.
Intuit CEO Sasan Goodarzi told MarketWatch in June that the company is letting employees decide when to come to an office and how often. But Goodarzi said he thinks that could change generally if the economy falters.
“Many CEOs I talk to believe face-to-face trumps virtual,” he told MarketWatch. “As the economy shrinks a bit, and people move from hiring to now cutting jobs, and a possible recession, you might see more of a move back to work.”
In Eagle, Intuit continues to hire and has dozens of jobs listed, some with “hybrid remote in Eagle, ID” listed for the location. The company said in 2019 that it would grow to employ 900 people in Eagle. In 2020, after the start of the COVID-19 pandemic, Intuit announced companywide layoffs. It’s not clear how many people it currently employs in Idaho.