Earlier this summer, Intuit layed off 399 employees as part of a re-alignment of the company. In this most recently announced lay-off of 249 employees, the small business division is being impacted by the company's transition from "a North American desktop software company to a global cloud-driven company" said Intuit's CEO Brad Smith. Last week, Intuit reported the company’s fourth quarter and full-year fiscal results, while announcing plans to divest itself of Quicken, Demandforce and QuickBase.