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Pastimes : Layoff Totals for US Companies

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From: peppe511/16/2009 9:07:38 AM
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750... Autodesk Inc., the software company that has lost its leader to Yahoo, is cutting 750 jobs, or about 10 percent of its work force to cut expenses and expects to report a loss rather than a profit for the fourth quarter.

The announcement of job cuts and the financial forecast Thursday sent the company's shares down more than 10 percent in morning trading.

Autodesk, which makes architectural and engineering software, said it will also consolidate some facilities in addition to making the job cuts, and expects a savings of $130 million annually.
syracuse.com
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