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Adobe axes 9 percent of its workforce

Posted on Wednesday, November 11 2009 @ 19:31:09 CET by

Adobe announced it will cut 9 percent of its workforce, or 680 employees, due to the recession. The move follows a layoff of 600 workers in December 2008.
A spokesperson for Adobe told us in a statement that "Adobe is restructuring its business to align costs with its fiscal 2010 operating plan and budget, the company?s three-year strategic priorities and the realities of the business environment, as well as to ensure its ability to continue investing in long-term growth opportunities." In addition, after Adobe acquired Omniture, the company reduced Omniture's workforce by 9 percent. According to today's filing, the restructuring will cost Adobe between $65 and $71 million.
Source: WSJ



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