(Bloomberg) – Autodesk Inc. plans. To reduce about 1,350 employees as part of the broader focus on profitability after pressing investors, including LP -value activists.
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The company said on Thursday in a statement that the cuts will reach about 9 % of the workforce. Bloomberg had previously mentioned the planned job cuts.
CEO Andrew Anagnost wrote in a memo to employees that positions are being canceled to change the company’s sales process and accelerate investments in artificial intelligence. The decision “is not the result of any third party pressure,” he wrote.
Autodesk is one of the largest technology companies that avoid reducing the number of main employees in recent years. A spokesman for the company refused to comment.
The software maker who focuses on engineering faced investors over the past year after an accounting investigation delayed its financial files and led to the replacement of the head of financing. Natboard has paid changes such as increasing margins as well as urging the painting to think of anagnost replacement. The activist hedge fund has reduced Autodesk’s possessions in the period that ended in December, according to a recent report.
The shares increased about 1 % in trading extending after closing at $ 282.35. The stock decreased 4.5 % this year.
Odyssey said the restructuring fee will be 135 million dollars to 150 million dollars. She said that the company will reduce some facilities. She said in submitting the discount plan by the end of the fiscal year in January 2026, that Autodesk expects to complete the discount plan by the end of the fiscal year in January 2026.
Separately, Autodesk reported the profits of the fourth fourth quarter, which exceeded estimates. The profit, with the exception of some elements, amounted to $ 2.29 per share, while revenues increased by 12 % to $ 1.64 billion in this period, which ended on January 31.
Financial Director Janesh Morjani said that the company expects delivery margins, according to the principles of accountable accounting in general, “among the best in the industry” after the completion of sales and marketing changes.
For the financial year ending in January 2026, the modified operating margin will be about 36.5 %, 35.6 % by analysts. Revenue will be about 6.93 billion dollars, in line with estimates.
“We encourage us to see a better operating margin and free cash flow expectations, and most importantly, the improvement plan,” wrote Jason Celino, an analyst at Keybank.
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