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Autodesk Cuts 7% of Staff in Final Phase of Sales Overhaul

The company casts the move as the final step in a sales overhaul to redirect spending toward AI-focused platform investments.

FILE: An office building at 1 Market St., San Francisco, where Autodesk is headquartered, is visible at the left center of this image from Aug. 17, 2023.
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Overview

  • About 1,000 positions will be eliminated worldwide, with reductions concentrated in customer-facing sales roles.
  • Savings from the restructuring will be reinvested in artificial intelligence, the Autodesk platform and industry clouds, as well as select corporate functions.
  • Autodesk estimates $135 million to $160 million in pre-tax charges, mostly for termination benefits, and targets completion by the end of fiscal fourth quarter 2027.
  • The company now expects billings, revenue, margins, adjusted EPS and free cash flow to exceed prior top-end guidance, and its shares rose following the announcement.
  • Employee notifications began Thursday, with many cuts set before Jan. 31; roughly 10% of the reductions affect San Francisco, and a state filing cites about 104 headquarters roles scheduled for April.