Tag: Autodesk down 22% in after-hours trading on disastrous earnings

  • Autodesk Profits Fall and Lays Off 520 Employees

    Autodesk Profits Fall and Lays Off 520 Employees

    Autodesk stumbled this week, missing its earning expectations, cutting its full-year sales growth forecast, stocks taking a beating, and then laying off 520 employees, being 7% of their total staff. Got Recession? It seems that the uber-techno-giant Autodesk is also feeling the recession-that-went-on-too-long-blues. Can you believe that Autodesk has got recession, too? Particularly considering their low-cost…