San Francisco-based software company Autodesk has announced the elimination of 250 jobs globally, which represents 2% of its workforce. Despite the layoffs, the company has stressed that it is still in the process of hiring for critical positions.
The layoffs were not related to cost-cutting measures or over-hiring and impacted employees will receive support, including severance pay, career services, and job placement assistance. In its recent financial report, Autodesk’s earnings per share met expectations but revenue fell short by $941,100. The company’s Chief Financial Officer has forecasted challenges in the 2024 fiscal year due to the strengthening U.S. dollar. Autodesk’s next earnings call is scheduled for Thursday, February 23rd.
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