Confirmed: Adobe To Cut 9 Percent Of Workforce
Tuesday, November 10, 2009; 9:40 AM
We've confirmed with Adobe that the company is cutting 9 percent of its workforce, or 680 employees. Adobe filed an 8-K with the SEC today reporting the layoffs. Earlier today we heard multiple reports that layoffs were taking place at Adobe. There are also Tweets about the layoffs on Twitter. Last December, Adobe laid off 600 workers (or 8 percent of its staff) due to the recession.
A spokesperson for Adobe told us in a statement that "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." In addition, after Adobe acquired Omniture, the company reduced Omniture's workforce by 9 percent. According to today's filing, the restructuring will cost Adobe between $65 and $71 million.