Adobe Giving Pink Slips to 600 Employees

Adobe Logo

Adobe Systems Inc has announced the implementation of a restructuring program, and said it has taken steps to reduce its headcount by approximately 600 full-time positions globally.

The restructuring is expected to result in pre-tax charges totaling approximately $44 million to $50 million. Adobe expects approximately $28 million to $30 million of the restructuring charges to be recorded in the fourth quarter of fiscal year 2008.

For Q4 2008 though, Adobe believes it will achieve fourth quarter fiscal 2008 revenue in the range of $912 million to $915 million. The company also believes it will achieve GAAP diluted earnings per share in the range of $0.45 to $0.46, and non-GAAP diluted earnings per share in the range of $0.59 to $0.60.

[Via: Adobe.com]

Chris Malinao

About Chris Malinao

Chris teaches Lightroom as workflow software to photography students at the FPPF, Federation of Philippine Photographers Foundation. He also teaches smartphone photography.

Excellent Fuji film FuJica GS645W Professional 45mm F5.6 Camera Ref.No 465 1 picture
Excellent Fuji film FuJica GS645W Professional 45mm F5.6 Camera Ref.No 465 1
Fujica ST605 Vintage Camera AS IS DAMAGED LENS picture
Fujica ST605 Vintage Camera AS IS DAMAGED LENS
FUJICA 35-SE 35mm Film Camera FUJINON 1:2.8 f4.5 Lens w/case 6440 picture
FUJICA 35-SE 35mm Film Camera FUJINON 1:2.8 f4.5 Lens w/case 6440
FUJICA STX-1N CAMERA WITH X-FUJINON 1:1.9  f=50mm  FM picture
FUJICA STX-1N CAMERA WITH X-FUJINON 1:1.9 f=50mm FM
Fujica ST701 35 mm SLR Camera Only Body picture
Fujica ST701 35 mm SLR Camera Only Body