Adobe axes staff in digital media restructure

Adobe is axing 750 staff across the US and Europe as it restructures its business to focus on the digital media and marketing but reassured investors that it is still on track to deliver a strong performance in its fourth fiscal quarter. The software vendor is holding an analyst meeting in New York


Adobe is axing 750 staff across the US and Europe as it restructures its business to focus on the digital media and marketing but reassured investors that it is still on track to deliver a strong performance in its fourth fiscal quarter.

The software vendor is holding an analyst meeting in New York today to outline the strategy, which will concentrate on the areas of the market it believes are growing rapidly.

It will continue to develop its Creative Suite applications and will focus Flash resources on improving the experience for those looking to deliver games, videos and applications on the web.

"We believe that by focusing resources on two large initiatives and shifting our business model, we can drive faster and more predictable growth in FY2013 and beyond," said Mark Garrett, Adobe executive vice president and CFO.

The decision to axe so many positions and review office locations and opt out of some leases will lead to a $87 to $94m restructuring charges with the bulk of that being taken in the quarter that ends on 2 December.

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