3D software company Autodesk announces 9% cuts to workforce

Autodesk exceeded Wall Street's revenue and profit expectations for the fourth quarter and fiscal year 2026. Strong demand for its design software, particularly in construction and manufacturing, fueled this growth. International operations and its Fusion software were key contributors to the success. The company's AI and machine learning capabilities are driving increased spending. Autodesk's total billings saw a significant 23% increase. Despite exceeding expectations, the company announced a 9% workforce reduction. This restructuring will allow increased investment in cloud and AI technologies. Resources will be reallocated to support these strategic areas. Autodesk's stock price rose following the positive announcement.