Autodesk cuts 1,150 jobs amid restructuring to focus on digital products and subscriptions

Autodesk cuts 1,150 jobs amid restructuring to focus on digital products and subscriptions

Autodesk is cutting approximately 1,150 jobs as it restructures its business to focus more on subscription-based models and digitising the company.

The workforce reduction represents around 13% of Autodesk's staff. The restructuring itself is expected to cost up to $149 million, with up to $100 million of these costs occurring in its Q4 FY18.

Autodesk's restructuring means it will focus more on its digital software production and subscription models. The move will apparently re-balance the company's resources in line with its business priorities.

Transitional phase

"As we enter the growth phase of our model transition, we need to re-balance investments to focus on our strategic priorities. This includes divesting from some areas and increasing our investment in others," said Andrew Anagnost, Autodesk president and CEO.

"We're taking this restructuring action from a position of strength. This is not a cost reduction activity as we maintain our commitment to keep total non-GAAP spend flat this year and next."

Autodesk killed off its middleware products back in July 2017. User interface tool Scaleform, global illumination middleware Beast, and AI tools Human IK and Navigation were all dropped in one fell swoop.

Deputy Editor

Ric has written for for as long as he can remember, and is now Deputy Editor. He likes trains.


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