Autodesk today announced that it has not seen any improvement in global economic
conditions and therefore is further reducing its operating expenses. The company plans to
wring out another $100 million to $150 million, on an annualized basis. Details are still being
worked out, but Autodesk says it will achieve these savings through "reductions in
discretionary spending, facilities consolidations, reductions in its contingent workforce, and
staff reductions." New CFO Mark Hawkins, who comes to Autodesk from Logitech, will
likely be instrumental in returning Autodesk to growth. More after the Investor Day
presentations.
