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Adobe Cuts 680 Jobs, to Take Charge
Published:
Tuesday, 10 Nov 2009 | 5:04 PM ET
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By: Reuters
 |
Adobe's headquarters in San Jose, California. |
Adobe Systems, the top maker of design software, said that it has cut 680 jobs as it moves to slash expenses.
Like many companies, Adobe has been cutting headcount over the past few years as the recession has cut into sales in a bid to stem the impact of the revenue decrease on profits.
The company will take between $65 million and $71 million in pretax restructuring charges related to the cuts, which will not affect employees who worked for Omniture, which Adobe acquired Oct. 23.
As of January, Adobe had 7,335 employees.
Adobe shares [ADBE
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] were largely unchanged in after-hours trading.
Copyright 2009 Reuters. Click for restrictions.
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