Autodesk to eliminate 1,000 employees, or 7% of workforce

Autodesk (ADSK) disclosed that it will terminate 7% of its workforce, or approximately 1,000 employees, with a significant portion of the reductions occurring within customer-facing sales functions. The company expects to incur total pre-tax restructuring charges of $135M to $160M. Autodesk expects to record pre-tax restructuring charges of $90M to $110M in Q4, and the remainder during fiscal year 2027. “Over the past few years, Autodesk has evolved its go-to-market strategy, streamlined customer engagement, and enhanced its sales channels to drive sustainable growth, while improving efficiency and driving operating margin growth. The implementation of this Plan will mark the culmination of Autodesk’s sales and marketing optimization program. Separately, the Plan also reallocates resources in certain other functions to accelerate Autodesk’s strategic priorities,” it explained. Autodesk shares are up 3% to $264.81 in morning trading.