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Autodesk Plans To Cut Down Nearly Two Per Cent Of Its Global Workforce: Report

Autodesk Plans To Cut Down Nearly Two Per Cent Of Its Global Workforce: Report

Outlook Start-Up Desk

POSTED ON February 07, 2023 4:57 PM

The United Kingdom-based software company Autodesk is planning to cut down less than two per cent of its global employee bandwidth. The proposed layoffs will have an impact on its technical marketing, digital marketing and web optimisation teams. Nearly 250 staff will be terminated from their jobs because of the prospective move by the company. 

The company said that these layoffs were part of its plans for the fiscal year 2024. 

A spokesperson, who is aware of the development, said in a statement, As part of this process, we made the difficult decision to eliminate these roles, comprising less than 2% of Autodesk's total global workforce."

A report from the CRN revealed that the company had a 12,600-strong employee bandwidth. Last year, it reported $4.39 billion in revenues. 

Along with the layoffs, the company also plans to hire skilled staff for significant positions. 

According to a Mint report, nearly 1,50,000 employees from the global tech sector lost their jobs last year. Big tech giants like Facebook, Twitter and others trimmed down their staff to keep their businesses on the profitability track. For instance, after the acrimonious takeover by the maverick billionaire Elon Musk, Twitter laid off 7,500 workers. Facebook’s parent Meta also fired 13 per cent of its total workforce. 

Till now this year has not offered any difference. It started with Amazon hitting the news headlines after announcing the layoffs of 18,000 employees. The e-commerce giant was later followed by Google’s parent Alphabet and Microsoft as both companies cut 12,000 and 10,000 jobs respectively. 

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