Autodesk's restructuring to affect 1,150 Workers.

[ #Autodesk #Software #application #Design #Animation #news ]Autodesk announced on Tuesday their intention to lay off some (about 13%) of their workers as part of a restructuring move. The company which was founded in 1982, boasts of an employee number of 9000. This news comes after the release of their third-quarter earnings for the current fiscal year. However, it hasn't been stated when or which of the branch offices would be affected. As part of their restructuring plan, customers would be transitioning from perpetual software licenses to software subscriptions as well as cloud computing services.

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Andrew Anagnost, who's the CEO said he was pleased with their third-quarter results, as sales rose to about 5 percent than the previous year. He also claims that the restructuring is not a cost reduction activity as the company plans to keep total spending flat until next year. He also had this to say
“As we enter the growth phase of our model transition, we need to re-balance investments to focus on our strategic priorities,” Anagnost said. “This includes divesting from some areas and increasing our investment in others.”

Autodesk has it's headquarters located in San Rafael, California, United States.
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