Autodesk Inc. has announced plans to reduce its workforce by approximately 1,350 employees, equating to about 9% of its total staff. This decision is part of the company’s strategy to enhance profitability, following pressure from investors, including activist firm Starboard Value LP. According to a statement released by the company on Thursday, these job cuts are not a result of any third-party pressure, as clarified by the CEO. The workforce reduction aims to reshape the sales process and facilitate investments in artificial intelligence. Bloomberg had previously reported on the planned layoffs. — news from Bloomberg
