Autodesk–the Bay Area-based maker of software for designers, engineers, architects, and artists–plans to eliminate 1,150 jobs, a spokesperson told Co.Design in an email. That’s equivalent to 13% of its workforce. The company is also restructuring to focus more on building its subscription-only services.
In a statement about its third-quarter FY18 performance, Autodesk said its restructuring will “focus on the company’s strategic priorities of completing the subscription transition; digitizing the company; and re-imagining manufacturing, construction, and production. Through the restructuring, Autodesk seeks to streamline the organization and re-balance resources to better align with the company’s priorities.”
In 2016, Autodesk announced a shift to subscription-based access to its software, a similar approach to the one Adobe took with Creative Cloud in 2013. So far, the results have been promising for Autodesk’s shift towards a subscription model. According to the company’s report, subscriptions increased 146,000 from the second quarter of FY18 to 3.6 million at the end of the third quarter.