StockNews.AI
ADSK
CNBC
173 days

Autodesk says it will cut 1,350 employees, or 9% of workforce, to make the most of sales changes

1. Autodesk plans to lay off 1,350 employees, about 9% of its workforce. 2. The layoffs are part of changes to enhance productivity and customer satisfaction. 3. Autodesk reported better-than-expected fiscal fourth-quarter results with $2.29 EPS. 4. The company anticipates $135 million to $150 million in restructuring costs. 5. Future earnings projections exceed analysts' expectations for fiscal 2026.

-2.88%Current Return
VS
+1.56%S&P 500
$282.3502/27 05:45 PM EDTEvent Start

$274.2103/01 12:02 AM EDTLatest Updated
4m saved
Insight
Article

FAQ

Why Bullish?

Despite layoffs, Autodesk's strong earnings and proactive restructuring indicate resilience, similar to Microsoft's recovery post-layoffs.

How important is it?

The layoffs and fiscal performance can significantly influence investor sentiment and stock performance.

Why Long Term?

The restructuring and earnings growth can drive long-term value, as seen with Adobe's cloud transition.

Related Companies

Related News