According to a report in Mashable, Autodesk has laid off 7% of its workforce. That totals around 500 employees including a number of 3D developers and several product managers.
The layoffs followed the company’s disappointing earnings report. Autodesk’s fiscal second-quarter profits fell 9.3 percent.
An Autodesk representative says that while the company eliminated close to 500 positions Thursday, it plans to create that many new jobs over the course of the year.
The restructuring is focused primarily of the company’s shift to cloud and mobile computing.
Read the full article on Mashable.