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01.15.2009 - Autodesk Announces Restructuring to Reduce Annual Operating Expenses



View News related news. SAN RAFAEL, Calif., Jan. 15 /PRNewswire-FirstCall/ -- Autodesk, Inc. today announced a restructuring plan to reduce its annual operating expenses. The company anticipates the restructuring will result in annual pre-tax cost savings of approximately $130 million annually starting in fiscal 2010.

As part of its restructuring plan, Autodesk plans to reduce its workforce by approximately 750 employees, representing approximately 10 percent of the company's global workforce. The company also plans to consolidate certain facilities. The actions announced today are in addition to the ongoing cost reduction initiatives previously announced, which include a hiring freeze, business travel restrictions, and other reductions in its operating expenses.

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NID: 26594 / Submitted by: TACKtech Team
Categories: Press Release
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