Autodesk Lays off 7% of Entire Staff

It looks like even mighty Autodesk is feeling the riptide the architecture and construction industries it makes tools for has felt for the last few years. Is it going to get better?

Autodesk Lays Off 7% Of Entire Staff:

Digital design giant Autodesk laid off 7% of its workforce Thursday, sources tell Mashable. That totals around 500 employees — including a number of 3D developers and several product managers.
“Our own execution challenges, combined with an uneven global economy, resulted in disappointing revenue results for the quarter,” said Carl Bass, Autodesk president and CEO. “The changes better position Autodesk to meet the needs of our customers. We are focused on working through our internal challenges as rapidly as possible.”