Autodesk ( (ADSK) ) has provided an announcement.
On February 27, 2025, Autodesk announced a global restructuring plan, resulting in a 9% workforce reduction, impacting approximately 1,350 employees. This move is part of Autodesk’s strategy to optimize its go-to-market organization and reallocate resources towards strategic priorities like cloud and AI investments. The restructuring is expected to incur pre-tax charges between $135 million and $150 million, with completion anticipated by the end of fiscal 2026. Additionally, Autodesk reported a 12% revenue growth in the fourth quarter of fiscal 2025, reaching $1.64 billion, and has initiated the optimization phase of its sales and marketing plan to enhance shareholder value.
More about Autodesk
Autodesk, Inc. operates in the software industry, focusing on design and make solutions in the cloud. Its primary products and services include architecture, engineering, construction, manufacturing, and media and entertainment software. The company is dedicated to leveraging platform, industry clouds, and artificial intelligence to meet the evolving needs of its customers.
YTD Price Performance: -2.61%
Average Trading Volume: 1,401,599
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $61.42B
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