Autodesk says it's cutting 9% of its workforce, and shares jump
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Autodesk Inc. announced a 9% workforce reduction, affecting approximately 1,350 employees, to focus on cloud services and AI. This decision led to a rise in Autodesk's stock price.
February 27, 2025 | 10:15 pm
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POSITIVE IMPACT
Autodesk is reducing its workforce by 9% to prioritize cloud services and AI, resulting in a positive stock price reaction.
The workforce reduction is part of Autodesk's strategic shift towards cloud services and AI, which investors view positively, as evidenced by the stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100