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Autodesk Cuts 7% of Staff, Lifts Outlook as It Refocuses on Cloud and AI

The company outlines $135 million to $160 million in restructuring costs with completion targeted by fiscal Q4 2027.

Overview

  • About 1,000 positions will be eliminated, primarily in customer-facing sales roles.
  • Management calls the action the final phase of sales and marketing optimization tied to a shift toward subscription and usage-based transactions.
  • Autodesk now expects Q4 fiscal 2026 and full-year billings, revenue, adjusted operating margin, adjusted EPS and free cash flow to exceed prior top-end guidance.
  • Shares rose more than 3% after the announcement, following a roughly 13% decline so far in 2026.
  • Spending will be redirected to the company’s cloud platform and artificial intelligence initiatives.