Adobe plans to lay off 750 employees

Adobe plans on restructuring itself and to do this, they're planning on investing heavily in digital media and digital marketing. In order to have resources for this change up, Adobe is planning on re-planning their entire business. 750 of its employees around North America and Europe will face termination, as a result. Adobe said in a press release describing the human capital cut, "We expect to record in the aggregate approximately $87 million to $94 million in pre-tax restructuring charges. Included in these charges are (i) approximately $17 million to $19 million primarily related to the consolidation of leased facilities and (ii) approximately $70 million to $75 million related to employee severance arrangements." Click here for full story