Adobe to Lay Off 750 Workers
Adobe is restructuring its business around digital media, marketing
Adobe, which was famous with its Flash Player and the Adobe Creative Suite has announced its plans to
eliminate 750 full-time positions in attempts to reposition itself as a
leader in the digital media and marketing. The restructuring of the company's earnings per share and potential growth in the target markets was discussed at a financial analysts meeting in New York.
According to one of the two press releases, the master of Flash plans to continue offering the Creative Suite as well as expanding "tablet-based touch apps" and cloud-based software. It's also promised to invest further in HTML 5 through tools like Dreamweaver, the recently announced Edge and PhoneGap, which it acquired with the purchase of Nitobi. Despite the shakeup, Adobe expects to meet its previous Q4 projections of between $1.075 billion and $1.125 billion. A bunch of corporate what-nots await you in the dual press releases after the break.
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