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Autodesk Cuts 9% Workforce Amid Strong Earnings Report

2/28/2025

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Summary

Story summary

Autodesk plans to lay off 1,350 employees, representing 9% of its workforce, due to industry-wide job cuts.
CEO Andrew Anagnost stated the layoffs are intended to boost competitiveness and meet changing customer demands.
The company exceeded fiscal expectations, reporting $2.29 earnings per share and $1.64 billion in revenue.
Autodesk expects restructuring costs between $135 million and $150 million but will maintain all office locations.

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Story summary

Autodesk plans to lay off 1,350 employees, representing 9% of its workforce, due to industry-wide job cuts.
CEO Andrew Anagnost stated the layoffs are intended to boost competitiveness and meet changing customer demands.
The company exceeded fiscal expectations, reporting $2.29 earnings per share and $1.64 billion in revenue.
Autodesk expects restructuring costs between $135 million and $150 million but will maintain all office locations.