Adobe Cans Another 9% of its Workforce

Company expects the latest move to cost it a $65 million-$71million restructuring charge

Nov. 11, 2009 07:15 AM

Adobe is cutting another 680 full-time jobs worldwide, around 9% of its pre-Omniture workforce, to align its costs with its fiscal 2010 operating plan and “the realities of the business environment,” according to an SEC filing.

It previously said it would cut 9% of Omniture’s 1,200 people when that deal closed last month.

The company cut 600 people last December.

Adobe expects the latest move to cost it a $65 million-$71million restructuring charge, including around $17 million-$19 million related to the consolidating leased facilities. It says it will incur additional restructuring expenses relating to Omniture’s operations as part of the total acquisition price.

Published Nov. 11, 2009— Reads 6,609
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About Maureen O'Gara
Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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