Adobe to layoff 680 full-time employees, 9% of workforce
Adobe announced a layoff today in an 8-K filing made with the Securities & Exchange Commission. They will release 680 fulltime workers or 9% of its workforce over the next year.
On November 10, 2009, we announced a workforce reduction to appropriately align our costs in connection with our 2010 operating plan (the “Restructuring Plan”). As a result, we expect to eliminate approximately 680 full-time positions worldwide.
Adobe isn't weathering this economy as well as some other companies we follow. They made similar cuts in 2008. Maybe picking up a huge Web analytics company that has nothing to do with their core competency for $1.8 billion will boost their fortunes.
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Comments (25)
There goes any hope of Adobe fixing Flash performance problems any time in the near future.
Their products are simply way too expensive.
True, true
It kind of feels nice to know that those bastards at Adobe are suffering. Heck, given all the suffering they've caused us for making us pay an arm and a leg for their industry-standard software - and then forcing us to upgrade a few short months after...
Wish Apple would take on Adobe on the Photoshop front.
"
True, true It kind of feels
True, true
It kind of feels nice to know that those bastards at Adobe are suffering. Heck, given all the suffering they've caused us for making us pay an arm and a leg for their industry-standard software - and then forcing us to upgrade a few short months after...
Wish Apple would take on Adobe on the Photoshop front."
yeah well what about the people who are losing their jobs? does that make you feel good? i would love why people would like this story... i think theres something wrong with the mentality that allows for one to like this story b/c apple is doing better than adobe when this story is not talking about profit margins but actual people losing their jobs...
Seth Weintraub's cynical jab at Adobe's acquisition of Omniture only demonstrates how little he understands what Adobe does. Omniture's technology will greatly enhance Adobe's ability to develop online content creation tools that can build high resolution tracking capabilities into online content. That's huge, and advertising agencies and their clients are going to eat it up.
Seth Weintraub's cynical jab at Adobe's acquisition of Omniture only demonstrates how little he understands what Adobe does. Omniture's technology will greatly enhance Adobe's ability to develop online content creation tools that can build high resolution tracking capabilities into online content. That's huge, and advertising agencies and their clients are going to eat it up.
I thought Obama was going to save or create Jobs
Jobs got his liver transplant. He's been saved. Obama said nothing about saving Adobes.
Maybe if Adobe took a break from their annual Creative Suite ripoff releases for a year and rebuilt all their apps from scratch, they'd be in better shape. Their software is slow, bloated, and buggy. Nothing crashes on my Mac except for CS4 programs, and they do it often. Make it Cocoa, make it 64-bit, and make it reliable. Slashing their prices in half wouldn't hurt either. People only pirate it because nobody can afford thousands of dollars in software upgrades every 12-18 months.
I couldn't have said it better myself.
Amen!
And maybe try and stop ripping off their UK customers too.
But anyway, I've got a friend who works for Omniture, so he's now entitled to an Adobe staff discount [ha ha!]
In these hard times many companies are offering deals but Adobe never seems to offer any deals and their products are pretty expensive to start with. I wanted to upgrade some of my Adobe products but its just too expensive.
My bet is that if they lowered their prices for a while, or offered some discounts, they would see their sales increase and maybe it would help them out of this crunch.
I feel for the men and women that are getting laid off at Adobe, but I really don't feel for Adobe itself. As already said their products are way over priced, if they really want to increase sales try knocking off a few hudred off the suite prices and that might be a good motivator. Though a professional might not have the issue, there are plenty of casual users that would love to learn and use it but not at their price tag. Even their student rates are out of line for what most students can afford. I won't even talk about the Acrobat.
I don't get it. When Obama bailed out bankers and spent millions on the Cash for Clunkers program and bailed out Wall Street with the really neat trillion dollar "Stimulus Packages" wasn't it supposed to help create jobs? Am I wrong or am I going crazy?
How do you like your jobless recoveries mention in the media?
I don't get it. When Obama bailed out bankers and spent millions on the Cash for Clunkers program and bailed out Wall Street with the really neat trillion dollar "Stimulus Packages" wasn't it supposed to help create jobs? Am I wrong or am I going crazy?
How do you like your jobless recoveries mention in the media?
The bailout and stimulus packages were two different things.
The stimulus included tax breaks to small and medium sized businesses and middle class workers, as well as infrastructure projects and aid to states so they wouldn't have to cut services. How does Adobe fit into that? It doesn't seem like they would have received a stimulus tax break. Even if they did, do you still think trickle down economics works?
So Adobe can afford to buy up some huge company and yet it has to lay off workers? I don't know how much money Adobe is worth but it must be a huge amount given that their software is unparalleled elsewhere and enormously expensive. It doesn't seem fair that maintaining their profit margin in these difficult times is more important than maintaining the jobs of those that presumably help make their company a success.
How is this even possible?
Their workers build their products, in this case Industry Standard products with no real competition, so how can they justify getting rid of so many, when they have shown the scale of their wallets with the purchase of such an expensive business.
Can they not learn from Micro$oft's mistakes? They tried to expand their products without addressing problems with their core products, instead they left those products, (Such as XP, IE) and tried to buy into expand into every other technology service (Windows Mobile, Bing, YAHOO!, Zune, etc, etc), now they are losing market share in nearly all their areas of investment due to not focusing enough attention on each, because they are juggling too many balls. And what happened? Vista happened, shocking.
Now they are cutting their losses and trying to catch up with themselves let alone Google, Apple and everybody else.
Adobe, stop making a s**t online version of Photoshop and employ those same clever people to fix bugs in your current software. While you're at it, sell your software for drastically less, you won't lose profit, you'll increase your profit, because at least 50% of people using Adobe products don't pay for them because they won't pay the top line price, make it the right price and it will sell like crazy.
I don't know one student who could afford the student price version of CS, which becomes obsolete once they graduate!!!!!
To publish the term with reference to their loyal people, kind of shows their true colours...
Aside the bitter taste of hearing people layoffs it applies globally. More importantly Adobe is planning or continues to downsize for the future takeover by either Micro$oft or Apple. Flash being their key component to market their Creative Suite and Apple labeling Flash on the iphone an energy / processor hog made many people focus on new html 5 technology. Dreamweaver is far for a turn key solution now a days for the various CMS systems most companies are launching. Hello Wordpress/Drupal/Joomla don't do live preview development in D.W. Hand coding is coming back to the fore front.
Adobe has good toys but the struggles with Apple's FCP and the lack luster Apperture with their pro apps as this is yet to unravel. Adobe needs a solid product on the mac or that 7% global mac users that may use Adobe may forget about the name.
i'll bet some of us here rabidly defend mac prices also rabidly complain about adobe prices. oh the irony.
that's because we are happy with the quality and care of one product, but not the other.
Piracy costs jobs...
"It kind of feels nice to know that those bastards at Adobe are suffering. Heck, given all the suffering they've caused us for making us pay an arm and a leg for their industry-standard software - and then forcing us to upgrade a few short months after...
Wish Apple would take on Adobe on the Photoshop front."
Isn't it what Apple does with the Iphone? Making people pay for an updated one with 3G and Copy-paste (Which is comon in any other phone)? What next? Making people pay agin next year for a decent camera?