Autodesk Latest Company To Join Downsizing Brigade, Says It Remains Committed To Hiring For Key Roles

Autodesk, Inc (NASDAQ:ADSK) slashed about 250 jobs joining the likes of Splunk Inc (NASDAQ:SPLK) and Pinterest Inc (NYSE:PINS).
The cuts amount to less than 2% of Autodesk’s global workforce, Bloomberg reports.
The downsizing reflected aligning resources to pursue key priorities this fiscal year and not due to over-hiring or cost-cutting.
Autodesk also was committed to adding workers across the company for many key positions.
Autodesk employed 12,600 people globally as of January 2022.
Tech giant Intel Corp (NASDAQ:INTC) also cut the pay of senior managers and executives.
CEO Pat Gelsinger took a 25% cut to his base salary as the chipmaker battled a rapid drop in revenue and earnings.
Price Action: ADSK shares traded lower by 2.64% at $222.19 premarket on the last check Friday.