Home » Business » Adobe To Cut 750 Jobs

Adobe To Cut 750 Jobs

As part of a restructuring drive to focus business on digital media and digital marketing, Adobe will cut 750 full time positions in North America and Europe. By also consolidating leased premises, the company expects to incur around $90 million in restructuring costs. However, the company does expect to meet its Q4 revenue targets of over $1 billion and will pay around $0.38 per share in the fourth quarter.

About Technology Desk

Technology Desk
Editors and staffers from the Technology Desk at The Global Herald.

Check Also

disneyland-paris

Disneyland Paris to Raise €1 Billion to Secure Future

The Walt Disney Company (NYSE: DIS) has announced support for a recapitalization plan worth €1 …

Leave a Reply

Your email address will not be published. Required fields are marked *