HP and Autodesk Announce Major Layoffs Amid Restructuring Efforts

HP plans to cut up to 2,000 jobs and Autodesk will reduce its workforce by 1,350 as both companies emphasize cost-cutting and investments in AI.

HP is expanding its 'Future Now' restructuring plan, increasing total job cuts to 9,000 by fiscal year 2025 to save $1.9 billion.
The company expects to save $300 million by the end of its fiscal year in October 2025, though it will incur $150 million in restructuring costs.
Autodesk will reduce its workforce by 9%, or 1,350 positions, citing economic and geopolitical challenges and a focus on AI investments.
HP reported a 2.4% rise in revenue for the first quarter of 2025, driven by growth in AI-powered PCs, but its profits fell by 11% year-over-year.
Both companies are responding to economic uncertainty and shifting trade policies, including new U.S. tariffs on Chinese imports, which are impacting supply chains.