Autodesk to cut about 7% of staff amid sales reorganisation push
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Autodesk plans to cut about 1,000 jobs, or 7% of its workforce, to streamline sales and marketing efforts. The company expects pretax restructuring charges of $135 million to $160 million, primarily for severance. Savings will be reinvested in strategic priorities. This follows a previous reduction of 1,350 roles aimed at changing the sales process and investing in AI. Analysts predict the cuts will improve operating margins and earnings per share estimates above $12.20. CEO Andrew Anagnost emphasized that layoffs are not expected to be a regular occurrence.
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