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Adobe Axe 9 percent of its workforce

Adobe Axe 9 percent of its workforce

go here Heaven Media spoke to an Adobe representative a short while ago after rumours were rife that they were culling members of their staff. They confirmed that they are paying off 680 employees, which translates to a 9% workforce cut. Adobe have filed an 8-K with the SEC earlier today reporting these reductions in their workforce. A quick look at Twitter shows some staff members discussing the job losses.

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follow link These recent reductions in their workforce add to the 600 workers paid off last December due to the recession – something which is affecting even the biggest companies in today’s marketplace.

dissertation in a week Adobe state that they are restructuring their business to align their costs with the fiscal 2010 operating plan and budget as well as overall three year strategic priorities and to ensure their ability to continue investing in long term growth opportunities. According to the filing today this restructuring will cost Adobe in the region of $70 million. Sobering news indeed.

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