Autodesk layoffs: AutoCAD maker to cut 1,000 jobs as it shifts spending to AI and cloud
Autodesk announced Thursday it plans to slash roughly 7% of its global workforce—around 1,000 positions—as the San Francisco-based design software company shifts investment toward artificial intelligence and its cloud platform. The bulk of the job cuts will hit customer-facing sales teams, marking the end of a multi-year sales and marketing revamp. Autodesk disclosed pre-tax restructuring charges ranging from $135 million to $160 million in a recent regulatory filing, with $90 million to $110 million hitting the current quarter ending Jan. 31. The company also raised its guidance, forecasting billings—the total value of invoices and contracts—revenue, non-GAAP profits, and free cash flow to exceed the upper limits of its previous estimates. Some of the savings are set to be reinvested through the fiscal year ending Jan. 31, 2027. Autodesk aims to wrap up the plan by the end of its fiscal 2027 fourth quarter but cautioned that results might fall short of expectations.