Autodesk announced on Thursday plans to cut about 10 percent of its workforce--or about 750 employees--as it lowered its fourth-quarter earnings outlook.
The drafting and design software maker now expects to post between $475 million and $500 million in revenue when it reports results on February 26. In its previous forecast in November, the company said it expected to bring in $525 million to $550 million in the quarter.
Autodesk also lowered its non-GAAP earnings outlook to 18 cents to 24 cents, excluding special charges, down from its previous forecast of 28 cents to 34 cents.
The company's shares … Read more