Autodesk has announced a plan to lay off 1,350 employees, representing 9% of its total workforce. CEO Andrew Anagnost explains that the current shift in software sales models towards subscriptions has led to a change in multi-year contract agreements, empowering customers to self-manage. As a result, the company needs to restructure its related departments to better align with these changes. Additionally, the company cites the need to maintain competitiveness amidst a volatile economic environment. Anagnost emphasizes that this decision was internally driven by himself and the executive team, without external pressure, following reports of investor groups pushing for accelerated cost reduction.
TLDR: Autodesk to lay off 1,350 employees, citing shifts in software sales models and the need to stay competitive in a changing economic landscape.
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