Autodesk, Inc. 8-K

What Happened
Autodesk, Inc. announced on January 22, 2026 a worldwide restructuring plan that will complete its sales and marketing optimization and reallocate resources across other functions. The company expects the Plan to eliminate approximately 7% of its workforce, or about 1,000 employees, with a significant portion of the reductions in customer-facing sales roles. Autodesk says a portion of savings will be reinvested in strategic priorities and provided a letter to employees from CEO Andrew Anagnost (Exhibit 99.1).

Key Details

• Expected pre-tax restructuring charges: approximately $135 million to $160 million, primarily employee termination benefits.
• Timing of charges: about $90 million to $110 million to be recorded in Q4 fiscal 2026 (ending Jan 31, 2026); the remainder during fiscal 2027. Substantially all charges are expected to be cash expenditures in fiscal 2027.
• Workforce impact: 7% reduction (1,000 employees), largely in sales/customer-facing functions; Plan completion targeted by end of Q4 fiscal 2027, subject to local law/consultation.
• Guidance update: Autodesk now expects Q4 FY2026 and full-year billings, revenue, non-GAAP operating margin, non-GAAP EPS, and free cash flow to be above the top end of its prior guidance; the company intends to exclude these restructuring charges from its non-GAAP measures.

Why It Matters
For investors, the Plan means near-term GAAP earnings will be reduced by the $135–$160M charge, with most cash outflows expected in fiscal 2027. However, Autodesk expects the restructuring to improve operating efficiency and drive margin and growth over time, and it has updated guidance indicating stronger-than-expected business performance for Q4 FY2026 and the fiscal year. The company’s decision to exclude these charges from non-GAAP metrics means reported non-GAAP results will not reflect the one-time costs, so compare GAAP and non-GAAP figures carefully.