Related News

5 warning signs of Nerve Damage in the body

Nerves also control automatic body functions like digestion, sweating, bladder control, and sexual function. Damage to autonomic nerves can cause problems such as: Feeling lightheaded or faint when standing up

5 foods that make your Kidneys stronger

Cauliflower, or the humble “gobhi” is an excellent food for kidney health, because it is low in potassium and rich in vitamins and antioxidants. It contains vitamin C, vitamin K,

Cricketer Deepak Chahar and wife Jaya Bhardwaj serve style at Wimbledon 2025 |

Indian fast bowler Deepak Chahar and his wife, Jaya Bhardwaj, made a stylish appearance at Wimbledon 2025, capturing attention with their fashion choices and adorable couple moments. Deepak sported a

Nvidia’s market cap reaches $4 trillion! US chipmaker only 5% shy of crossing India’s total GDP; what’s driving the rise?

India’s GDP is estimated at $4.2 trillion, according to the IMF, with projections indicating growth to $4.27 trillion soon. Nvidia Corporation’s market capitalization has crossed the $4 trillion mark! Nvidia

Rice flour or besan: Which flour makes crispy ‘pakoras’? |

The monsoon season is here, and what’s more satisfying than having crispy golden pakoras and fries to fulfill those rainy-day cravings? When it comes to crispy pakoras, the type of

5 vegetarian foods to combine with paneer to double the protein content

Paneer is a rich source of protein. 100 grams of paneer provides approximately 18 to 20 grams of protein. Protein, as a vital nutrient, plays a key role in building

Autodesk says it will cut 1,350 employees

Word Count: 373 | Estimated Reading Time: 2 minutes

Andrew Anagnost, chief executive officer of Autodesk Inc., during a Bloomberg Television interview in London, UK, on April 25, 2023.

Chris Ratcliffe | Bloomberg | Getty Images

Design software maker Autodesk said Thursday that it will lay off 1,350 employees, which works out to 9% of its workforce.

The job cuts follow a series of large headcount reductions across the tech industry.

In January, Meta said it would let go of 5% of its workers, and earlier this month Workday, which sells human resources and finance software, announced an 8.5% decrease. Google this week also announced cuts to its human relations and cloud divisions, CNBC reported, and PC maker HP said in a Thursday regulatory filing that it would reduce its headcount by 1,000 or 2,000, representing under 4% of total headcount.

“Our GTM model has evolved significantly from the transition to subscription and multi-year contracts billed annually to self-service enablement, the adoption of direct billing, and more,” Autodesk CEO Andrew Anagnost wrote in a memo to employees. “These changes position us to better meet the evolving needs of our customers and channel partners. To fully benefit from these changes, we are beginning the transformation of our GTM organization to increase customer satisfaction and Autodesk’s productivity.”

The company is also conducting the layoffs to stay competitive in the current economy and protect the company’s leadership in cloud computing and artificial intelligence, Anagnost wrote.

San Francisco-based Autodesk will make facility reductions as well. But it will not close any offices, a spokesperson told CNBC in an email. It expects $135 million to $150 million in restructuring costs before taxes.

The company on Thursday also announced better-than-expected fiscal fourth-quarter results. The company delivered $2.29 in adjusted earnings per share on $1.64 billion in revenue, which was up 12% year over year. Analysts surveyed by LSEG had been looking for $2.14 per share and $1.63 billion in revenue.

For the fiscal first quarter, Autodesk called for $2.14 to $2.17 in adjusted earnings per share on $1.600 billion to $1.610 billion in revenue. Analysts polled by LSEG had expected $2.08 per share and $1.598 billion in revenue.

Management sees $9.34 to $9.67 in adjusted earnings per share for the 2026 fiscal year, with $6.895 billion to $6.965 billion in revenue. The LSEG consensus was $9.24 per share and $6.902 billion in revenue.

WATCH: The setup on key earnings this week: Salesforce, Autodesk and EOG Resources