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

Benzinga Real-time News · Feb 3, 2023 08:08

INTC +1.77% ADSK +0.65% PINS -0.64%

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.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeline for any particular purpose of the above content.

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In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).

In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.

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In Malaysia, investment products and services available through the moomoo app are offered through Moomoo Securities Malaysia Sdn. Bhd. ("Moomoo MY")regulated by the Securities Commission of Malaysia (SC). Moomoo Securities Malaysia Sdn. Bhd. is a Capital Markets Services Licence (License No. eCMSL/A0397/2024) holder. This advertisement has not been reviewed by the SC.

Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.，Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc., and Moomoo Securities Malaysia Sdn. Bhd. are affiliated companies.

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