US EditionAutodesk says it will cut 1,350 employees, or 9% of workforce, to make the most of sales changes
- Autodesk plans to reduce its workforce by about 1,350 employees, or 9% of its staff, to boost profitability after investor pressure from Starboard Value.
- Chief Executive Andrew Anagnost stated the cuts aim to change sales processes and enhance investments in artificial intelligence .
- Autodesk expects restructuring charges between US$135 million and US$150 million and will complete the reductions by January 2026.
- Autodesk's shares rose about 1% after reporting fiscal fourth-quarter earnings that exceeded estimates, with revenue increasing by 12% to US$1.64 billion.
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23 Articles
23 Articles
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Center
6
Right
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Total News Sources23
Leaning Left4Leaning Right2Center6Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 33%
C 50%
R 17%
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