Adobe layoffs strike home, 680 to lose jobs
Filed under: Software
TechCrunch, among other news outlets, reports that Adobe is cutting 680 employees as part of a restructuring plan. This is roughly 9 percent of the company’s workforce. The news comes on the heels of Electronic Arts’ decision to layoff 1,500 workers and a reduction of 600 from Adobe back in December. Adobe had purchased Omniture in September and reduced its workforce by 9 percent at that time.
The cost of restructuring for Adobe will total between $65 and $71 million, the TechCrunch article says.
The layoffs come just after Adobe announced that Flash Professional CS5 will be able to turn Flash projects into iPhone apps. The company has also recently released a version of its Photoshop.com Mobile app for the iPhone [iTunes link].
TUAWAdobe layoffs strike home, 680 to lose jobs originally appeared on The Unofficial Apple Weblog (TUAW) on Tue, 10 Nov 2009 23:30:00 EST. Please see our terms for use of feeds.
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