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Autodesk the drafting and software maker, has announced today that the company will be cutting around 750 jobs. Also the company has lower the revenue forecast for the fourth quarter.

In November last year, the company estimated to bring in revenue between $525 million to $550 million in the fourth quarter, but now in a revised forecast the company expects to get a revenue between $475 million to $500 million. Company’s shares have also decreased 15.5% in intraday to $14.98.