Autodesk shares fell after hours Thursday, reversing earlier gains. The design-software maker lifted its annual forecast and said it’s buying MaintainX for $3.6 billion in cash.
Autodesk shares edged down a bit on Friday, slipping about 0.3% in early trading to $268.97. The stock had jumped 4.79% the day before, closing at $269.77.
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.
Adobe stock fell 4.8% on Friday and last traded at $333.30 in after-hours trading, which takes place electronically after the 4 p.m. close in New York. The shares opened at $349.86 and traded as low as $331.67.
Autodesk, Inc. is back in the spotlight on Friday, November 28, 2025, as a fresh wave of bullish analyst calls and institutional activity follows this week’s strong earnings beat and guidance raise.