Saturday, November 17

Reorganisation would force us to lay off 1,150 jobs: Autodesk

AutodeskAutodesk has said that a reorganisation of the company will force it cut an estimated 1,150 jobs that will be about 13 per cent of the company’s current workforce.

However, the company declined to say which jobs would be cut and had no comment beyond its third-quarter earnings report where the restructuring was announced.

The company’s annualized recurring revenue for the third quarter was up 24 per cent over the same quarter last year.

But the company said that it needed to restructure as it continued its shift from selling its software which included animation workhorse Maya and modeling and rendering solution 3ds Max on a licensed basis to a subscription model.

Prior to the start of that shift, about a year ago, the studio had laid off 925 employees in February 2016, about 10 per cent of its staff.

Founded in 1982, Autodesk has about 9,000 employees worldwide with more than 100 offices in 38 countries.