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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 aim to boost productivity and adapt to economic changes. 3. Autodesk reported better-than-expected fiscal fourth-quarter results. 4. Projected earnings for fiscal 2026 are above analyst expectations. 5. Restructuring costs expected to be around $135 million to $150 million.

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FAQ

Why Bullish?

Despite layoffs, Autodesk's strong earnings and future projections indicate stability. Historically, strong earnings can offset short-term negative sentiment from layoffs.

How important is it?

The combination of layoffs and strong earnings makes this an important news for ADSK.

Why Short Term?

Layoffs usually have immediate market reactions, but strong earnings can stabilize stock quickly.

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