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.

So it doesn't make sense

[rsilvergun]

To cut jobs to boost AI investment. Either it's just a smoke screen so that they don't take a hit on the stock market, or they have replaced a bunch of workers with AI, or a little bit of both.

Re:So it doesn't make sense to put divacup in ass

[Samantha Wright]

Sure thing, AAANUS SNIFFER. It goes a little like this:

1. Step 1: Fire workers.
2. Step 2: Pay out wages of fired workers as executive bonuses.
3. Step 3: Tell remaining employees to make up for the lost productivity or they're fired too.
4. Step 4: Tell investors everything is going great!

Hope that cleared things up for you.

Re:

[martin-boundary]

Also:

Step 5: Tell small countries you want their rare earth deposits.

Oh wait, who are we talking about again?

Re:

[supremebob]

In cases like this, AI stands for "Actually, India". They outsource most of the work to foreign contractors for less than half of a US salary, and then add an AI chatbot to make them seem cool and trendy to investors.

You forgot step 5

[rsilvergun]

Rig elections via voter suppression so that All three branches of government are packed to the gills with Pro-Corporate shills and you have zero competition in your market space because there is absolutely no antitrust law enforcement

Re:

[Mononymous]

Just think how many GPUs they can buy with all the money they were spending on those people!

Does this mean....?

[devloop]

Does this mean that they will use AI to address their growing list of vulnerabilities? : https://www.cve.org/CVERecord/... [cve.org]
Does this mean that they'll significantly cut back their number of H-1B filings as well? : https://www.myvisajobs.com/emp... [myvisajobs.com].

Re:

[thumpcbd]

Wow...that's is a lot of H1-B workers. (Below link is what they are paying H1-Bs hired in 2024)

https://h1bgrader.com/h1b-spon... [h1bgrader.com]

Dunning Kruger

[Dr. Tom]

The Dunning Kruger effect is exponentially amplified by "AI"

You are so stupid you think "AI" will solve your problems

So...

[zkiwi34]

Were the jobs to be cut coming from the H1b pool?