Tuesday, November 10, 2009

Adobe Chops 680 Jobs

San Jose-based Adobe said today in a filing with the SEC, that it has cut 680 full time positions worldwide. The firm said the workforce reduction is part of an effort to "align" the firm's costs with its 2010 restructuring plan. Adobe said it would take a charge of $65.0M to $71.0M related to lease consolidation and employee severance.