If Auotodesk is laying off after "5% growth" it doesn't bode well does it?
Or Is that 5% number just B.S.?
I don't understand why any company would lay so many off while growing at 5%. Doesn't add up, something smells wrong here.
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The pro-formas get more interesting every quarter. Would not trust any number these folks publish, the subscription numbers are pure fiction. A shocking experience to have been inside, this firm has made a lot of enemies in the marketplace with how they treat employees and customers. They just want to get bought - same consultants that did the Adobe transition is doing theirs. And why did they call off the merger in 2014....?
AD is outsourcing a lot of jobs to APAC... check their job postings. Why they chose Anagnost?? Marketing whiz from NASA? Hanspal is less academic, less Marketing, but more experience in Engineering Leadership and Product Management. Shouldn't take rocket science!!
Hey ADSK , newsflash: you’re not Adobe. At this point, your biz model is like Oracle: layoff, layoff, layoff, rehire at cheaper inexperienced labor, Younger in age doesn’t make you hip, ADSK. Cheap labor doesn’t bring experience. For a global company, you are managed like a mom & pop store staffed by your fave relatives. Anagost is complicit and the wrong choice to lead the company. He’s like a used car salesman. They chose the wrong coCEO when they chose him. The board doesn’t care about anything but keeping the stock price up.11 straight quarters of LOSING MONEY OPERATING AT A LOSS. Yeah, tell us another bedtime story, Andrew...but let me put my hip waders on first so I can slog through your bs. No innovation, no leadership, good old boy and girl network. Meh. OTC will eat your cloud in one byte. Next.
Sh--
Your strategy is creating enemies in the marketplace, ADSK. We won't forget how we were treated. Game on.
Umm....layoffs are more frequent than every 1.5 years. The smaller layoffs you won't hear in the news. Took at 30% bite out of Consulting this year. Growth in Asia is due to cheaper labor/outsourcing costs and currency advantages.... North American staff are much more expensive for the company. CEO is cost cutting across the board since the copycat Adobe business model is struggling to achieve Autodesk subscription targets and products are saturating. Management doesn't have to be laid off - they will leave on their own when their teams shrink or are sent offshore. Do you like dominos?
its common practice at Autodesk to layoff evert 1.5 years or so! i was hired when the big layoff came in Summer of 2012..I thought i canned.
They do this to save money...layoff when you become expensive and hire juniors. Thats the Autodesk culture...I guess.
Can't they lay off management and put people who can really manage the company and only layoff when necesssary? I get teh impression north american staff is being laid off. Asia is growing so maybe no layoffs?
Looking at these comments and the investors call transcript makes me very confused.
"this wasn't some kind of an across-the-board, peanut butter method type restructuring. It was a very targeted set of divestments that were focused in a few areas."
25% cut over two years is a lot of peanut butter!!
"We actually looked at project areas and functional areas that were not contributing to either our long-term strategic goals around reimagining construction, manufacturing and production. So that's where we're actually seeing permanent removals in cost."
but u still list a 147 product portfolio? more peanut butter.
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The 5% is funny money read their 10-K.
They have been doomed since they made the hard cloud push.
They also haven't been giving users any reason to upgrade to a cloud version. PTC still improving pro-e and a has a perpetual license. Users are fleeing AD as soon as the old perpetual AD license has achieved the expected ROI; something the cloud versions are too expensive to ever achieve.
So....... last year it was 10%. That means...... almost 25% of employees (2075) let go in less than 2 years?! And then more layoffs next year. Are they mad??????? I get that IT IS a cost reduction, because they reduce OPEX and had the option to transfer those "DEPLORABLE" employees into higher growth areas like other mature companies.......... plus not screw their partners. But it could be worse you know..... like Marissa Mayer :)
The layoffs affect 13% of its workforce (approx. 1,150 employees), though management says this move is not a cost reduction and is coming from a "position of strength."