3D Software Company Autodesk Cuts 1,350 Jobs To Boost AI Investment 19
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.
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 (Score:2)
Re:So it doesn't make sense to put divacup in ass (Score:5, Insightful)
Sure thing, AAANUS SNIFFER. It goes a little like this:
Hope that cleared things up for you.
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Step 5: Tell small countries you want their rare earth deposits.
Oh wait, who are we talking about again?
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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 (Score:2)
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Just think how many GPUs they can buy with all the money they were spending on those people!
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Previously they laid of people by disallowing homeoffice, now they tell it's because they have AI. In the end it is about them wanting to lay of people and finding some plausible reason to tell why.
Does this mean....? (Score:5, Informative)
Does this mean that they'll significantly cut back their number of H-1B filings as well? : https://www.myvisajobs.com/emp... [myvisajobs.com].
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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]
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Does this mean that they'll significantly cut back their number of H-1B filings as well?
Why would they? They are supposed to make technically and financially sound decisions, not based one ideological biases.
Dunning Kruger (Score:5, Insightful)
The Dunning Kruger effect is exponentially amplified by "AI"
You are so stupid you think "AI" will solve your problems
So... (Score:2)
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As an external consultant, I remember seen them in a few businesses: that company used to put their software as "cracked" version on torrents, but then introduced backdoor in it, to collect businesses usages, and then communicated with the business who used it with the said log of usages as a blackmail to get them to buy licence.
It's a legal grey area, and all it would take is one judge saying that by doing that, AutoDesk is, in effect, intentionally distributing a free version, and that sort of nonsense will stop. :-)
But no, they'll almost certainly keep doing that. Some amount of piracy is necessary to maintain their effective monopoly over the industry. Without that, other companies and tools would fill the gap, thus eroding their market share.
This is also why they are able to cut a large percentage of their workforce to work
What do they mean exactly? (Score:2)
The article isn't very clear.
What does AutoDesk mean when they say they are cutting jobs "to boost investment" in AI? Are they...
- Using the money saved, to plow it into AWS (AI) infrastructure?
- Laying off people so they can hire AI specialists?
- Laying off employees intending to replace their work with AI bots?
Is there actually any connection at all between the layoff and AI?
The article doesn't clarify. This seems like a lot of mumbo-jumbo "We're laying off people something something AI" to make investors
Other way around (Score:2)
They're increasing AI investment to justify laying people off.
Or worse than that, they're using the phrase "increasing AI investment" to justify laying people off.