Feeds

Adobe slips good-bye note to 10% of stafff

Tough times at top employer

Top 5 reasons to deploy VMware with Tegile

Adobe Systems, reckoned to be one of the best US employers to work for by business suck-up mag Fortune, is cutting 10 per cent of its staff.

The company said Tuesday that it's eliminating 680 of its just-over 7,000-strong workforce as part of a restructuring, which will cost between $65.0 and $71.0 million. Employee severance will cost Adobe the greater part of that, between $48.0 and $52.0m.

Adobe's cuts and restructuring are not connected with the $1.8bn purchase of online analytics and consultant specialist Omniture announced last month, it said.

The cuts come as Adobe said last month that it expects to announce fourth-quarter revenues sharply down from last years' record high and more or less flat compared to the recent third quarter.

Next month, Adobe is expected to announce revenue numbers that are down between 19 and 24 per cent compared to last year's $915m. In the third quarter, Adobe announced revenue of $697.5m, also down significantly from the previous year. Adobe's fourth quarter is expected to close November 28. Reading between the lines, you can bet Adobe came in at the low end of its expectations. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.