(MENAFN- The Peninsula) Bloomberg
Autodesk Inc. is cutting about 250 jobs, the latest technology company to shed workers in a turbulent time for the industry that expanded rapidly over the past few years.
The cuts amount to less than 2% of Autodesk's global workforce, a company spokeswoman said. They are the product of aligning resources to pursue key priorities this fiscal year and not a result of over-hiring or cost-cutting, and Autodesk continues to add workers 'across the company for many key positions,” she said.
California-based Autodesk employed 12,600 people globally as of January 2022. Company shares increased 22% since the start of 2023, making up some of the 33% drop over the course of the prior year. It is the latest technology firm to execute a headcount reduction, following the likes of Okta Inc., Workday Inc., Splunk Inc. and Pinterest Inc. earlier in the week.
Some companies, such as Intel Corp. this month, have also cut the pay of senior managers and executives as they work through the global economic downturn and its impact on earnings.
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