Confirmed: Adobe To Cut 9 Percent Of Workforce

Leena Rao

Leena Rao is currently a Senior Editor for TechCrunch. She recently finished graduate school at the Medill School of Journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007, she helped lead Congresswoman Carloyn Maloney’s community outreach and relations efforts in New York City. She graduated from Columbia University in 2003, where she was... → Learn More

Tuesday, November 10th, 2009

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.

We’ve added the layoffs to the TechCrunch Layoff Tracker. This has been sobering week in the technology world, as Electronic Arts and Sprint both announced significant layoffs in the past few days.

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