For listed tech companies 2016 has been a bloodbath to date however design company Autodesk seems to have bucked the trend.
The key to keeping investors happy seems to lie in announcing major layoffs, in Autodesk’s case ten percent of its workforce which equates to 950 workers.
Autodesk’s management are painting those layoffs as being due to the company’s transition to cloud services with online subscriptions making up over half the business’ revenue.
Regardless of how valid that reasoning is, the message to the tech workers is clear; more tough times are coming.
With investors ruthlessly expecting better profits, focused leadership and leaner workforces many managers are going to have to face some tough decisions in what’s looking like a difficult year.