Adobe laying off 9 percent of workers
Adobe, maker of the Flash technology that powers many online videos and games, and maker of popular design software Photoshop, announced today that it’s cutting 680 full-time jobs, totaling around 9 percent of its workforce.
The news follows several other unpleasant announcements from Adobe over the past year. The company already announced plans to cut 600 jobs a year ago, and in July it reportedly shut down North American operations for a week. In both cases, sluggish sales of Adobe’s flagship product, Creative Suite 4, were blamed as the main culprit. More recently, Adobe has reported that profits are still down.
The layoffs were reported in TechCrunch and confirmed in a regulatory filing that Adobe made today. In an email, the company says it’s “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.”
As far as those long-term investments go, in September Adobe announced plans to acquire analytics company Omniture for $1.8 billion, although it’s cutting Omniture’s workforce by 9 percent too.
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About the Author, Anthony Ha
Anthony is VentureBeat's assistant editor, as well as its reporter on enterprise technology, cloud computing, and tech policy. Before joining VentureBeat in 2008, Anthony worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. He attended Stanford University and now lives in San Francisco. Reach him at anthony@venturebeat.com. You can also follow Anthony on Twitter.
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