Investing.com -- Software (ETR: SOWGn ) giant Autodesk Inc (NASDAQ: ADSK ). is reportedly planning to reduce its workforce as part of a larger strategy to enhance profitability, following pressure from investors such as activist Starboard Value LP, Bloomberg reported Thursday.

The job cuts could be announced as early as Thursday, as per anonymous sources who requested anonymity due to the sensitive nature of the information. Autodesk is set to announce its quarterly earnings on Thursday, after the regular market closes.

The exact number of job cuts remains uncertain. As of January 2024, Autodesk had a workforce of 14,100 employees, according to a regulatory filing. The company has been one of the few large tech firms to avoid major layoffs in recent times.

A spokesperson for Autodesk chose not to comment on the matter. The company’s decision to cut jobs comes in the wake of pressure from investors, including Starboard Value LP, who have been pushing for a greater focus on profitability.

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