Adobe sheds 9% of workforce

Adobe Systems is slashing its head count by 680 full-time employees, representing roughly 9% of its total workforce.
 
The retrenchments mark the second round of layoffs in under 12 months, with 600 staff laid off in December.

”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,” the company said in a statement.
 
Adobe has had a rocky year, reflected in a 22% drop in revenue to $697 million (€465 m) in its last quarter results.
In July the San Jose-based company closed its US offices for a week to cut costs and now enforces a week's paid break for staff every quarter.
 
In a securities filing Adobe said that the job cuts would result in a pre-tax charge of €43 million to €47 million. The bulk of it devoted to severance, and up to €13 million of that will be recorded in the current quarter.
 
Adobe also warned, without giving details, of an expectation of incurring additional costs related to its €1.2 million acquisition of Omniture, which it announced on September 15.

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