It’s official — following several tweets today from Adobe employees, a company spokesperson confirmed for us that Adobe “filed an 8-K this afternoon [that] reports a company restructuring which will result in a 9 percent reduction in the company’s work force (approximately 680 employees).” You can read the filing here.
“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 spokesperson continued. The advisory we received also noted that at the close of its acquisition of Omniture, Adobe reduced the Web analytics firm’s work force by 9 percent.
These are tough times for some folks in the software industry. Adobe’s announcement comes right on the heels of Microsoft laying off 800 employees.
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[...] Update 1: Between writing and posting this article Microsoft announced 800 additional lay-offs, RealNetworks cutted 70 jobs and Classmates.com 71. At my friends’ Architecture office they laid-off 15 people beginning this week. Luckily she was not one of them. Update 2: Adobe announced today (Nov 1oth) to lay-off 680 people. [...]
[...] Adobe in a statement: “Adobe is restructuring its business to align costs with its fiscal 2010 operating plan and [...]
[...] Layoffs are cropping up all over the tech industry, with workers at companies ranging from AOL to Adobe to Microsoft getting pink slips. But while most people know to turn to the big online job boards [...]
[...] industry, and integrating two separate operations into one often means some workers must go. Adobe reduced its head count by 9 percent in conjunction with its $1.8 billion acquisition of web analytics firm Omniture, for [...]
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