US design software company Autodesk has announced the layoff of 1,350 employees, which is 9% of its total workforce.
In a memo to employees, CEO Andrew Anagnost explained that Autodesk’s go-to-market (GTM) strategy has changed, focusing on self-service enablement, direct billing, and multi-year contracts.
These layoffs aim to improve customer experience and boost the company’s productivity.
He also mentioned that the layoffs are part of Autodesk’s efforts to stay competitive in cloud computing and artificial intelligence (AI).
A company spokesperson told CNBC that while some facilities will be cut, no offices will be closed.
Autodesk’s Financial Growth
Despite the layoffs, Autodesk reported strong financial results for Q4 2024 (October-December):
Revenue: $1.64 billion (12% increase from last year)
Adjusted Earnings Per Share (EPS): $2.29
FY 2026 Projections:
EPS: $9.34–$9.67
Revenue: $6.895–$6.965 billion
Layoffs Across the Tech Industry
Autodesk isn’t the only tech company cutting jobs. Other recent layoffs include:
Workday: Cut 8.5% of its workforce in February.
Google: Announced layoffs in its HR and cloud divisions.
HP: Plans to lay off 1,000–2,000 employees (under 4% of its workforce).
Despite revenue growth, many tech giants continue to reduce their workforce to manage costs and adapt to changing market conditions.
