Thread regarding Autodesk Inc. layoffs

Bass: All Is Good at Autodesk

No worries bro:

"To be clear, the restructuring announced today is not related to anything we are seeing in the macro-economic environment. We ended fiscal 2016 on a high note with very strong fourth-quarter billings growth and continued demand for our subscription offerings. Solid revenues, coupled with continued cost-controls, led to better than expected non-GAAP EPS during the quarter. I’m pleased we were able to deliver these results at such a critical moment in Autodesk’s transition."

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Post ID: @OP+FTJcWqF

5 replies (most recent on top)

Triple ditto. Shameful. He doesn't care. He's got his millions in cash and stock shares. Take a look at the AD Annual reports sometime to read about what Carl & his AD C-Suite cronies are making. Salaries, stocks owned, stock rewards, and golden parachute clauses are all printed there & very transparent. Any CEO and leadership team that has to layoff employees EVERY 6-8 MONTHS in order to keep the revenue numbers from tanking should be fired. It's pure failure. Glad you're feeling no guilt, Carl. Tell that to the more than 2,000 AD employees you've laid off in less than 4 years ( oct 2012-feb 2016). God only knows what the actual number is since Carol Bart rehired him...before ultimately leaving AD for Carl and his merry bros to take over.

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Post ID: @4Rqoi+FTJcWqF

"Bass: All Is Good at Autodesk" Oh really? What prompted this response? Is it like when paramedics tell a gunshot victim they're going to be OK when clearly they aren't!? The rest of the text is a very long winded way of saying nothing. 2016 might be great, but it was also the last chance to purchase a perpetual.

non-GAAP EPS aka we massaged the figures by turning the graphs upside down and things look great now!

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Post ID: @3Hchv+FTJcWqF

This is a load of crap. Anyone who believes that a CEO who was unable to properly plan a business transition without the substantial costs of laying off 1000 people is blind. Restructuring at this level is a failure of senior management, plain and simple.

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Post ID: @bjkj+FTJcWqF

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