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Flex News Desk Adobe Cans Another 9% of its Workforce
Company expects the latest move to cost it a $65 million-$71million restructuring charge
By: Maureen O'Gara
Nov. 11, 2009 07:15 AM
RIA Developer's Journal on Ulitzer 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.
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