3D Software Company Autodesk Cuts 1,350 Jobs To Boost AI Investment

Autodesk said it would cut 1,350 employees, or about 9% of its workforce, as part of a pivot to the cloud and artificial intelligence. Fast Company reports: Companies across sectors such as architecture, engineering, construction, and product design are making extensive use of Autodesk's 3D design solutions, with the software maker's artificial intelligence and machine learning capabilities further driving spending on its products. Autodesk saw a 23% jump in total billings to $2.11 billion in the fourth quarter ended January 31.

The company's international operations have particularly shown strength, while analysts have also noted that the company was outpacing peers in the manufacturing sector, driven by the performance of its 'Fusion' design software.

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