Autodesk and HP announced substantial layoffs as part of financial restructuring, coinciding with their earnings reports. Autodesk will reduce its workforce by approximately 1,350 employees, focusing on reshaping its go-to-market strategy and increasing investments in areas like artificial intelligence. HP, on the other hand, is extending its job cuts up to 2,000 as part of ongoing restructuring plans established in 2022. However, the company still plans to hire in strategic areas, indicating a mixed approach to workforce management in a challenging economic environment.
"Autodesk's CEO Andrew Anagnost stated that the layoffs are part of a strategy to reshape their go-to-market division and boost investment in key areas like AI."
"HP's spokesperson emphasized that while there are layoffs, the company is also hiring in strategic areas to ensure future growth and leadership."
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