- 09:58 AM Buy Glenmark Pharma: Sukhani
- 09:57 AM Hold Patni Computer Systems: Sukhani
- 09:52 AM GM India will not cede ground in Chinese alliance
- 09:50 AM Hold Mercator Lines, says Sukhani
- 09:49 AM Hold Bajaj Hindusthan: Sukhani
- 09:48 AM Hold Mercator Lines, says Phani Sekhar
- 09:47 AM Bajaj Hindusthan will underperform: Phani Sekhar
- 09:41 AM Book profits in Suzlon Energy: Phani Sekhar
- 09:41 AM Spices export rises in Oct
- 09:41 AM Book profits in JSW Steel: Phani Sekhar


Adobe Systems Inc, the top maker of design software, said that it has cut 680 jobs, or 9% of its workforce before a recent acquisition, as it moves to slash expenses.
Like many companies, Adobe has been laying off workers the past few years as the recession has cut into sales in a bid to stem the impact of the revenue decrease on profits.
The company will take between USD 65 million and USD 71 million in pretax restructuring charges related to the cuts, which will not affect employees who worked for Omniture Inc, which Adobe acquired October 23.
As of September 15, Adobe had 7,564 employees.
Adobe had previously announced that it would lay off about 9% of the 1,200 employees who joined the company through its acquisition of Omniture.
Adobe shares were unchanged in after-hours trade at USD 36.60.
|
|
Business
Business News | Economy | Earnings | BSE NSE Notices
General News
Current Affairs | Politics | World News | Sports | Entertainment
Corporate Strategy
Management | Advertising | Marketing | Legal
Personal Finance
Tax | Insurance | Credit Cards | Loans | Property | Retirement | Investment Help | Financial Planning | Fixed Income
Markets
Local Market | Global Market | Market Cues | Analysis | Expert & FII outlook | Brokerage Recomendation
Stocks
Stocks in News | Expert Advice | ADRs & GDRs | IPO
Mutual Funds
News | Advice | MF Analysis | Fund Managers Views
Lifestyle
Travel | Wellness | Technology | Auto| Books
-
Most Read
-
Most Viewed
- 10 Companies that FIIs love
- 10 companies that MF managers love
- Sensex ends over 200 pts up led by banks, oil & gas, metals
- Cox and Kings IPO subscribed 6 times
- Buy sugar, financials, pharma on declines: Experts

- Positive on power, steel on backward integration: Kotak

- Baltic Index rally seasonal, short-term; outlook cautious
- Vijay Shanthi Builders targets revenues of Rs 150cr in H2

- Hold Mercator Lines, says Sukhani
Source: CNBC-TV18
- Hold Bajaj Hindusthan: Sukhani
Source: CNBC-TV18
- Hold Mercator Lines, says Phani Sekhar
Source: CNBC-TV18
- Bajaj Hindusthan will underperform: Phani Sekhar
Source: CNBC-TV18
- Spices export rises in Oct
Source: Business Line
- Bharat Hotels to invest Rs 2,300 cr in new properties
Source: Business Line
- DoT, Defence end stalemate on spectrum
Source: Business Line
- 'Neglect of domestic policies' hit farm growth
Source: Business Line



.jpg)


















