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Andrew Anagnost, Executive Director of Autodesk Inc., during a Bloomberg television interview in London, the United Kingdom, on April 25, 2023.
Chris Ratcliffe | Bloomberg | Getty images
Design software creator Autodesk He said Thursday that he will say goodbye to 1,350 employees, which establishes 9% of his workforce.
Employment cuts follow a series of large personnel reductions throughout the technology industry.
In January, Goal He said it I would let go of 5% of its workers, already beginning of this month Workdaythat sells human resources and finance software, announced A decrease of 8.5%. Google this week also announced cuts to its human relationships and cloud divisions, CNBC reportedand PC manufacturer HP Said on Thursday Regulatory presentation that would reduce its template by 1,000 or 2,000, which represents less than 4% of the total staff.
“Our GTM model has significantly evolved from the transition to the subscription and the contracts of several years billed annually to the enable of self -service, the adoption of direct billing and more,” wrote the CEO of Autodesk Andrew Anagnost in a memorandum To employees. “These changes position us to better meet the evolutionary needs of our clients and channel partners. To completely benefit from these changes, we are beginning the transformation of our GTM organization to increase customer satisfaction and Autodesk productivity.”
The company is also carrying out layoffs to stay competitive in the current economy and protect the company’s leadership in cloud computing and artificial intelligence, Anagnost wrote.
Autodesk, based in San Francisco, will also make facilities reductions. But it will not close any office, a spokesman told CNBC in an email. Wait $ 135 million to $ 150 million in restructuring costs before taxes.
The company on Thursday also announced better than expected RESULTS OF THE FOUR FISCAL QUARTER. The Company delivered $ 2.29 in earnings adjusted per share with $ 1.64 billion in income, which increased by 12% year after year. Analysts surveyed by LSE had been looking for $ 2.14 per share and $ 1.63 billion in income.
For the first fiscal quarter, Autodesk requested $ 2.14 to $ 2.17 in A share adjusted profits at $ 1,600 billion to $ 1,610 billion in revenues. Analysts surveyed by LSE expected $ 2.08 per share and $ 1,598 billion in income.
The management sees $ 9.34 to $ 9.67 in profits adjusted by action for fiscal year 2026, with $ 6,895 billion to $ 6,965 billion in income. LSE’s consensus was $ 9.24 per share and $ 6,902 billion in revenue.
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