More tech layoffs hit Bay Area as HP and Autodesk announce job cuts
HP has been doubling down on investments in artificial intelligence as well. The company is betting more consumers will buy its personal computers filled with AI tools. Earlier in February, HP acquired Humane AI — the maker of a wearable AI pin that flopped amid consumer complaints and bad reviews — for $116 million.
Autodesk to Cut Jobs as it Targets Higher Profits
Autodesk Inc. is planning to cut about 1,350 employees as part of a broader focus on profitability following pressure from investors including activist Starboard Value LP.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC’s Congestion Pricing Pulls In $48.
Autodesk announced job cuts and strong quarterly results after markets closed Thursday, but it wasn’t enough to boost shares.
Autodesk’s CEO said the company wants to make the most of its shift toward self-service sales and direct billing.
Bay Area tech giants Autodesk and HP announced layoffs on Thursday, with Autodesk revealing a 1,350-worker cut and HP ...
Autodesk, one of The City’s largest employers, is laying off 289 workers from its San Francisco headquarters as part of ...
GlobalData on MSN4d
Autodesk plans to reduce workforce by 9% to boost profitsThe decision follows an internal review aimed at reshaping its operations and reallocating resources to strategic priorities.
Stocktwits on MSN4d
Autodesk Announces Q4 Beat, 9% Job Cuts: Stock Volatile After-Hours But Retail Sentiment Flips To ‘Bullish’Autodesk, Inc. (ADSK) stock saw volatility in Thursday’s after-hours session after the design software provider reported ...
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