Autodesk Announces Restructuring to Reduce Annual Operating Expenses

Company provides updated business outlook

As you may have heard, FY10 (beginning February 1, 2009) will bring about several organizational changes within Autodesk in order to reduce its annual operating expenses. 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 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.

Carl Bass, president and chief executive officer has stated before that “Global economic conditions continue to impact our end-user demand and given the current uncertainty of the economic environment, the cost savings initiatives we are implementing are prudent. Autodesk has a strong cash position and leadership across multiple product sectors and geographies. The company has experienced several economic downturns during its 26-year history, and like before, we fully expect to emerge from the downturn stronger, more efficient, and more competitive.” In light of these changes, there are currently no changes to our Systems product roadmaps. Autodesk continues to stay focused on providing to our customers and channel partners globally the highest level of support, services and products that you have become accustomed too.

About Autodesk
Autodesk, Inc. is the world leader in 2D and 3D design software for the manufacturing, building and construction, and media and entertainment markets. Since its introduction of AutoCAD software in 1982, Autodesk has developed the broadest portfolio of state-of-the-art digital prototyping solutions to help customers experience their ideas before they are real. Fortune 1000 companies rely on Autodesk for the tools to visualize, simulate and analyze real-world performance early in the design process to save time and money, enhance quality and foster innovation. For additional information about Autodesk, visit www.autodesk.com.

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