4. Autodesk
Roles cut: 1,350
Why: The need to invest in AI
Autodesk in February announced plans to cut 1,350 staff, with the need to invest in AI and other technologies cited as one of three key reasons behind the move.
The cuts – which represented 9% of Autodesk’s workforce – came despite the CAD software vendor simultaneously announcing a 12% year-on-year jump in Q4 revenues.
In a letter to staff, CEO Andrew Anagnost said Autodesk’s investment in cloud, platform and AI are “ahead of our peers”.
“To maintain and extend this leadership, we are shifting resources across our GTM, Platform, Industry, and Corporate functions to accelerate investments in these strategic priorities,” he wrote.
Reshaping its go-to-market organisation and “strengthening our business resilience” were the two other reasons Anagnost cited.
See next page for 3 more AI-related vendor downsizing moves…
