Autodesk to cut 750 jobs

Autodesk to cut 750 jobs

Autodesk has now issued a quarterly profit estimate which is very much below the market expectations.

The company has also announced that they are going to cut 750 jobs from their operations to cut costs.

The news hit the company stock price which went down 13 percent.

Autodesk Chief Executive Carl Bass said in a statement on these new developments: “Global economic conditions continue to impact our end-user demand. Given the current uncertainty of the economic environment, the cost savings initiatives we are implementing are prudent.”