San Francisco tech giant Autodesk announces 1,000 layoffs
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San Francisco tech giant Autodesk announces 1,000 layoffs. Autodesk, the San Francisco maker of design and engineering software, said Thursday that it will lay off about 1,000 employees worldwide, roughly 7% of its workforce, as it completes a multiyear overhaul of its sales organization. The cuts make Autodesk the latest Bay Area technology company to shrink its payroll after years of expansion. The company is San Francisco's 16th-largest tech employer, with about 1,055 local workers and more than 15,000 employees globally. A company spokesperson said roughly 10% of the layoffs will affect San Francisco workers. In a memo to employees and a filing with the Securities and Exchange Commission, Autodesk said the reductions are concentrated primarily in customer-facing sales roles and are tied to the final phase of its go-to-market transformation. See more S.F. Chronicle on google. Make us a Preferred Source to get more of our news when you search. The company estimates the restructuring to cost about $160 million, largely from severance payments. Most of the layoffs are expected to occur before the end of the company's next fiscal quarter, which closes Jan. 31. "Today we are announcing enterprise-wide organizational changes as part of entering the next phase of our strategy," CEO Andrew Anagnost wrote in a letter to employees. "The primary driver of today's action is...
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