Tax preparation and financial software company Intuit announced an AI-focused reorganization plan that includes laying off about 10% of its workforce.

The company behind QuickBooks and TurboTax said it was laying off 1,800 employees, but that it expects to hire at least that many in fiscal 2025 as it accelerates its focus on incorporating artificial intelligence into its products and services.

In an email to employees, CEO Sasan Goodarzi said more than 1,000 of the layoffs were employees that were not meeting the company’s elevated expectations.

“The era of AI is one of the most significant technology shifts of our lifetime,” Goodarzi said in the opening of his email to staff. “Companies that aren’t prepared to take advantage of this AI revolution will fall behind and, over time, will no longer exist.”

BMW recalls 390,000 vehicles

BMW of North America is recalling more than 390,000 vehicles in the U.S. because they are equipped with airbag inflators that can explode, leading to a potentially serious injury or death.

The original steering wheel may have been replaced with a sport or M-sport steering wheel equipped with a Takata inflator, the agency said.

If the inflator explodes, it may result in sharp metal fragments striking the driver or other occupants of a vehicle, resulting in serious injury or death, the NHTSA said.

BMW has not received any reports of any accidents or injuries in the U.S. that may be related to this issue, according to the latest report.

BMW dealers will inspect and replace the driver’s air bag module as necessary for free.

Owner notification letters are expected to be mailed on Aug. 23