Autodesk CEO Says Focused on Cost Cuts After Starboard Pressure

Autodesk Inc. Chief Executive Officer Andrew Anagnost said the company is focused on cutting costs in its sales and marketing teams, a move that comes following pressure from activist investor Starboard Value LP.

“We are very much focused on sales and marketing optimization moving forward,” Anagnost said Wednesday in an interview on Bloomberg Television. “That is something we and all of the investment community agree is an important target for Autodesk.”

Scrutiny intensified earlier this year on the maker of engineering software after an accounting investigation delayed its financial filings and led to the replacement of its finance chief. ...