Not too surprising as their product lines are being restructured and products are getting chopped. 1,150 is a lot of heads though.
From the earnings call, Scott Herren says, “this wasn’t a – some kind of across the board peanut butter method type restructuring. It was a very targeted set of divestments that were focused on a few areas.”
To which CEO Andrew Anagnost followed saying that targeting the specific areas is “more motivating for the other people because they say, wow, okay, we’re getting investment over here and we’re not being asked to do two things with less money again…”
Here’s the article from Fortune:
“Software maker Autodesk plans to cut 1,150 jobs, or 13% of its workforce, as it shifts focus to selling its products on a subscription basis instead of mostly charging for them upfront.”