Autodesk Inc. (ADSK) is restructuring, cutting about 7% of its workforce to focus on cloud platforms and AI, leading to a 4.8% stock increase. The company is transitioning to a subscription-based model and expects strong financial performance for fiscal Q4 2026 and beyond. The restructuring will incur charges of $135-$160 million, with completion by the end of fiscal Q4 2027. Despite recent stock declines, Autodesk reported strong Q3 fiscal 2026 results, exceeding revenue and EPS expectations. Analysts project continued growth, with a “Strong Buy” consensus rating and price targets implying up to 70% upside.

Read more at Barchart: As Autodesk Slashes Jobs, Should You Buy, Sell, or Hold ADSK Stock?