Adobe sheds jobs after Macromedia takeover


Adobe sheds jobs after Macromedia takeover

Antony Savvas

Adobe Systems is making 10% of its staff redundant following its £2bn acquisition of Macromedia.

Up to 700 jobs will go across the two companies as Adobe seeks to strip out job duplication costs. The job cuts had been predicted.

News of the redundancies came as Adobe announced that its fourth-quarter net profits jumped 38% to £92m compared to the same quarter last year. Sales rose from £240m to £290m.

The job cuts are to take place across the expanded company’s operations.

Adobe said it would also be losing its CFO, Murray Demo, who is leaving for personal reasons. The company has begun the search for his replacement.

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